Hargreaves Services (LON:HSP) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• Hargreaves Services Plc's share price fell below its 200-day moving average, trading as low as GBX 614 ($8.23) before closing at GBX 642 ($8.61).
• The company's market cap stands at £212.23 million, with a notably high price-to-earnings ratio of 1,456.77.
• Insider Stephen Craigen sold 2,998 shares at an average price of GBX 760, indicating potential concerns about the stock's performance among insiders.

Hargreaves Services Plc (LON:HSP - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 685.69 ($9.19) and traded as low as GBX 614 ($8.23). Hargreaves Services shares last traded at GBX 642 ($8.61), with a volume of 108,545 shares trading hands.

Hargreaves Services Stock Down 4.7%

The company has a market cap of £212.23 million, a price-to-earnings ratio of 1,456.77 and a beta of 0.85. 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's 50-day moving average is GBX 734.61 and its 200-day moving average is GBX 685.69.

Hargreaves Services (LON:HSP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 45.20 earnings per share for the quarter. Hargreaves Services had a net margin of 5.81% and a return on equity of 6.30%. On average, analysts anticipate that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephen Craigen sold 2,998 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of GBX 760, for a total value of £22,784.80. 15.25% of the stock is owned by corporate insiders.

Hargreaves Services Company Profile

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).

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