Hays (LON:HAS) Sets New 12-Month Low – Time to Sell?

Shares of Hays plc (LON:HAS) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 75 ($0.95) and last traded at GBX 75 ($0.95), with a volume of 7671 shares. The stock had previously closed at GBX 76 ($0.96).

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HAS. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 125 ($1.58) price objective on shares of Hays in a research report on Friday, August 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 115 ($1.46) price objective on shares of Hays in a research note on Tuesday, September 3rd.

Hays Price Performance

The company’s 50-day moving average price is GBX 84.65 and its 200-day moving average price is GBX 92.65. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 43.81. The firm has a market cap of £1.20 billion, a price-to-earnings ratio of 1,905.00, a PEG ratio of 0.24 and a beta of 1.13.

Insiders Place Their Bets

In other news, insider Joe Hurd acquired 2,208 shares of the company’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of GBX 90 ($1.14) per share, with a total value of £1,987.20 ($2,514.49). Also, insider James Hilton sold 53,038 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of GBX 88 ($1.11), for a total transaction of £46,673.44 ($59,057.88). 0.54% of the stock is owned by company insiders.

About Hays

Hays plc engages in the provision of recruitment services in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company provides qualified, professional, and skilled recruitment in permanent, temporary, and contractor formats to public and private sectors. It offers its recruitment services in the specialisms, such as accountancy and finance, banking and capital markets, construction and property, contact centers, education, energy, oil and gas, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, life sciences, office support, procurement, resources and mining, retail, sales and marketing, sustainability, technology, and telecoms.