Hargreaves Services (LON:HSP) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 564.88 ($7.10) and traded as high as GBX 610 ($7.67). Hargreaves Services shares last traded at GBX 604 ($7.59), with a volume of 29,795 shares traded.

Hargreaves Services Stock Down 2.1 %

The firm’s 50-day moving average price is GBX 557.47 and its 200-day moving average price is GBX 564.88. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.06 and a quick ratio of 0.82. The company has a market cap of £194.83 million, a price-to-earnings ratio of 1,597.57 and a beta of 0.85.

Insider Activity at Hargreaves Services

In other news, insider David Anderson acquired 2,789 shares of the stock in a transaction on Friday, November 8th. The stock was bought at an average price of GBX 564 ($7.09) per share, with a total value of £15,729.96 ($19,776.16). 13.13% of the stock is owned by insiders.

Hargreaves Services Company Profile

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.