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

Hargreaves Services Plc (LON:HSP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 703.34 and traded as low as GBX 644. Hargreaves Services shares last traded at GBX 646, with a volume of 86,725 shares trading hands.

Hargreaves Services Stock Performance

The stock has a market capitalization of £214.87 million, a P/E ratio of 14.75 and a beta of 0.85. The company has a quick ratio of 0.82, a current ratio of 2.06 and a debt-to-equity ratio of 17.75. The firm has a 50-day moving average of GBX 656.05 and a 200 day moving average of GBX 703.34.

Insider Transactions at Hargreaves Services

In other Hargreaves Services news, insider Gordon Frank Colenso Banham purchased 7,600 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of GBX 650 per share, for a total transaction of £49,400. 15.27% of the stock is owned by company insiders.

About Hargreaves Services

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).