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

Shares of Hargreaves Services Plc (LON:HSP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 565.56 ($7.12) and traded as high as GBX 594 ($7.47). Hargreaves Services shares last traded at GBX 590 ($7.42), with a volume of 7,229 shares changing hands.

Hargreaves Services Stock Performance

The company has a debt-to-equity ratio of 17.78, a quick ratio of 0.82 and a current ratio of 2.06. The firm has a market cap of £191.17 million, a price-to-earnings ratio of 1,567.57 and a beta of 0.85. The firm’s 50 day moving average is GBX 565.07 and its 200-day moving average is GBX 565.93.

Insiders Place Their Bets

In related news, insider David Anderson acquired 2,789 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of GBX 564 ($7.10) per share, with a total value of £15,729.96 ($19,793.58). Insiders own 13.13% of the company’s stock.

About Hargreaves Services

Hargreaves Services Plc provides environmental and industrial services in the United Kingdom, Southeast Asia, and South Africa. The company operates through: Services, Hargreaves Land, and Hargreaves Raw Materials Services segments. It offers environmental services, such as carbon sequestration and forestry creation, land remediation, land restoration and aftercare, geotechnical assessment, environmental site survey, and waste management services; materials handling operation and maintenance, mechanical and electrical maintenance, and project engineering services; and earthmoving advisory and contracting services, including soils treatment services.