Hargreaves Services (LON:HSP) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Hargreaves Services Plc (LON:HSP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 699.63 and traded as low as GBX 664. Hargreaves Services shares last traded at GBX 722, with a volume of 48,013 shares.

Hargreaves Services Price Performance

The business has a fifty day moving average price of GBX 744.64 and a 200-day moving average price of GBX 699.63. The stock has a market capitalization of £238.67 million, a PE ratio of 11.11 and a beta of 0.56. The company has a current ratio of 2.24, a quick ratio of 0.82 and a debt-to-equity ratio of 33.96.

Hargreaves Services (LON:HSP) last released its quarterly earnings results on Wednesday, January 28th. The company reported GBX 33.38 earnings per share (EPS) for the quarter. Hargreaves Services had a return on equity of 11.00% and a net margin of 6.77%. Research analysts expect that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

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.