Hargreaves Services (LON:HSP) Hits New 52-Week High – Time to Buy?

Hargreaves Services Plc (LON:HSP)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 890 and last traded at GBX 880, with a volume of 41,828 shares. The stock had previously closed at GBX 864.

Hargreaves Services Trading Up 0.5%

The company has a current ratio of 2.00, a quick ratio of 0.82 and a debt-to-equity ratio of 20.58. The company has a fifty day moving average of GBX 846.82 and a two-hundred day moving average of GBX 797.06. The stock has a market capitalization of £268.36 million, a price-to-earnings ratio of 9.50 and a beta of 0.54.

Hargreaves Services (LON:HSP) last released its earnings results on Wednesday, July 29th. The company reported GBX 79.10 earnings per share for the quarter. Hargreaves Services had a return on equity of 15.42% and a net margin of 8.74%. On average, research analysts expect that Hargreaves Services Plc will post 42.95 EPS for the current year.

Insider Activity

In other Hargreaves Services news, insider Nicholas Mills sold 110,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of GBX 820, for a total value of £902,000. Company insiders own 43.17% of the company’s stock.

Hargreaves Services Company Profile

Hargreaves Services plc is a diversified group delivering services to the core markets of Environmental services, Clean Energy, and Connectivity, supporting key industries within the UK and internationally. The Company operates through three divisions as follows: Services, Land, and a German joint venture.

Services is the core of the Group, providing specialist contracted services to critical projects in the Connectivity, Clean Energy and Environmental markets. Its services include but not are not limited to earthmoving, waste management, materials handling, industrial services, mechanical and electrical contracting, and logistics.