Hargreaves Services (LON:HSP) Hits New 1-Year High – Time to Buy?

Hargreaves Services Plc (LON:HSP) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 838 and last traded at GBX 838, with a volume of 79845 shares changing hands. The stock had previously closed at GBX 822.

Hargreaves Services Price Performance

The stock has a market cap of £249.32 million, a price-to-earnings ratio of 12.49 and a beta of 0.59. The stock has a fifty day simple moving average of GBX 774.86 and a 200-day simple moving average of GBX 713.87. The company has a current ratio of 2.24, a quick ratio of 0.82 and a debt-to-equity ratio of 33.96.

Insider Transactions at Hargreaves Services

In other Hargreaves Services news, insider Stephen Craigen sold 1,712 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of GBX 850, for a total value of £14,552. Also, insider Gordon Frank Colenso Banham sold 199,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of GBX 850, for a total value of £1,694,050. Over the last three months, insiders have sold 233,578 shares of company stock worth $198,541,300. Insiders own 15.27% of the company’s stock.

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). 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.