Hargreaves Services (LON:HSP) Stock Crosses Above 200 Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 719.25 and traded as high as GBX 819.86. Hargreaves Services shares last traded at GBX 810.47, with a volume of 32,420 shares trading hands.

Hargreaves Services Stock Down 0.2%

The stock has a market cap of £246.25 million, a PE ratio of 12.34 and a beta of 0.59. The company has a debt-to-equity ratio of 33.96, a quick ratio of 0.82 and a current ratio of 2.24. The company’s 50-day moving average price is GBX 777.55 and its 200 day moving average price is GBX 719.25.

Insider Activity

In other news, insider Nicholas Mills sold 711 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total transaction of £6,043.50. Also, insider Gordon Frank Colenso Banham sold 199,300 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total transaction of £1,694,050. Over the last ninety days, insiders have sold 233,578 shares of company stock worth $198,541,300. Company insiders own 15.27% of the company’s stock.

About Hargreaves Services

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). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks.