Hargreaves Services (LON:HSP) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Hargreaves Services Plc (LON:HSP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 698.52 and traded as low as GBX 648.36. Hargreaves Services shares last traded at GBX 666, with a volume of 54,632 shares trading hands.

Hargreaves Services Stock Performance

The stock has a 50 day moving average of GBX 654.61 and a 200 day moving average of GBX 698.52. The company has a market capitalization of £222.98 million, a price-to-earnings ratio of 15.31 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.

Insider Activity

In other news, insider Gordon Frank Colenso Banham acquired 7,600 shares of Hargreaves Services stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 650 per share, with a total value of £49,400. Company insiders own 15.27% of the company’s stock.

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). Services provides critical support to many core industries including Energy, Environmental, UK Infrastructure and certain manufacturing industries through the provision of materials handling, mechanical and electrical contracting services, logistics and major earthworks.