Hargreaves Services (LON:HSP) Stock Passes Above Two Hundred Day Moving Average of $424.79

Hargreaves Services Plc (LON:HSP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 424.79 ($5.36) and traded as high as GBX 477 ($6.02). Hargreaves Services shares last traded at GBX 472.50 ($5.97), with a volume of 7,362 shares traded.

Hargreaves Services Price Performance

The firm has a market cap of £153.80 million, a P/E ratio of 562.50 and a beta of 0.99. The company has a 50-day moving average of GBX 447.96 and a 200 day moving average of GBX 424.79. The company has a debt-to-equity ratio of 18.08, a quick ratio of 0.82 and a current ratio of 1.87.

Hargreaves Services Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, October 30th. Stockholders of record on Thursday, September 21st will be issued a GBX 18 ($0.23) dividend. This represents a dividend yield of 3.91%. This is a positive change from Hargreaves Services’s previous dividend of $3.00. The ex-dividend date is Thursday, September 21st. Hargreaves Services’s payout ratio is 1,071.43%.

Insider Activity

In other news, insider David Anderson purchased 15,325 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of GBX 466 ($5.89) per share, for a total transaction of £71,414.50 ($90,192.60). Corporate insiders own 12.55% 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.