Hargreaves Services (LON:HSP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Hargreaves Services Plc (LON:HSP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 593.41 ($7.68) and traded as high as GBX 660 ($8.54). Hargreaves Services shares last traded at GBX 642 ($8.31), with a volume of 46,341 shares.

Hargreaves Services Stock Performance

The stock’s 50-day moving average price is GBX 643.51 and its 200-day moving average price is GBX 593.41. 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 company has a market capitalization of £216.71 million, a P/E ratio of 17.58 and a beta of 0.85.

Hargreaves Services (LON:HSP) last issued its earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.16) earnings per share (EPS) for the quarter. Hargreaves Services had a net margin of 5.81% and a return on equity of 6.30%. As a group, equities analysts expect that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Hargreaves Services Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a dividend of GBX 18.50 ($0.24) per share. The ex-dividend date is Thursday, March 20th. This represents a yield of 2.77%. This is a positive change from Hargreaves Services’s previous dividend of $18.00. Hargreaves Services’s payout ratio is currently 98.58%.

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).