Hargreaves Services (LON:HSP) Hits New 12-Month High – Time to Buy?

Hargreaves Services Plc (LON:HSP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 638.80 ($7.95) and last traded at GBX 620 ($7.71), with a volume of 151585 shares trading hands. The stock had previously closed at GBX 590 ($7.34).

Hargreaves Services Stock Up 5.1 %

The stock’s fifty day moving average price is GBX 581.96 and its 200 day moving average price is GBX 574.67. The company has a current ratio of 2.06, a quick ratio of 0.82 and a debt-to-equity ratio of 17.78. The stock has a market cap of £204.35 million, a P/E ratio of 1,675.68 and a beta of 0.85.

Hargreaves Services (LON:HSP) last issued its quarterly earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.15) earnings per share (EPS) for the quarter. Hargreaves Services had a return on equity of 6.22% and a net margin of 5.82%. As a group, research analysts forecast that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insider Activity at Hargreaves Services

In other Hargreaves Services news, insider David Anderson acquired 2,789 shares of the business’s stock in a transaction on Friday, November 8th. The shares were acquired at an average price of GBX 564 ($7.02) per share, for a total transaction of £15,729.96 ($19,571.93). 13.13% of the stock is owned by corporate insiders.

Hargreaves Services Company Profile

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company’s three business segments are Services, Hargreaves Land and an investment in a German joint venture, Hargreaves Raw Materials Services GmbH (HRMS).