Hargreaves Services (LON:HSP) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Hargreaves Services Plc shares have crossed above their 200-day moving average for the first time, with the stock trading as high as GBX 748 ($9.92) before settling at GBX 718 ($9.52).
• The company has reported earnings per share of GBX 45.20 ($0.60) for the last quarter, and analysts predict earnings of 42.95 for the current year.
• Hargreaves Services operates in diverse sectors, providing services to the industrial and property sectors and has a market cap of £243.04 million.

Hargreaves Services Plc (LON:HSP - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 650.01 ($8.63) and traded as high as GBX 748 ($9.93). Hargreaves Services shares last traded at GBX 718 ($9.53), with a volume of 81,901 shares.

Hargreaves Services Stock Performance

The stock has a 50 day simple moving average of GBX 709.88 and a 200 day simple moving average of GBX 652.42. The company has a current ratio of 2.06, a quick ratio of 0.82 and a debt-to-equity ratio of 17.75. The stock has a market cap of £248.29 million, a P/E ratio of 20.14 and a beta of 0.85.

Hargreaves Services (LON:HSP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported GBX 45.20 ($0.60) EPS for the quarter. Hargreaves Services had a return on equity of 6.30% and a net margin of 5.81%. On average, equities analysts expect that Hargreaves Services Plc will post 42.9487179 earnings per share for the current 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).