Hargreaves Services (LON:HSP) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 594.80 ($7.67) and traded as high as GBX 646 ($8.33). Hargreaves Services shares last traded at GBX 620 ($8.00), with a volume of 7,455 shares traded.

Hargreaves Services Price Performance

The company has a market cap of £187.51 million, a price-to-earnings ratio of 15.21 and a beta of 0.85. The company’s 50 day moving average price is GBX 645.93 and its 200 day moving average price is GBX 594.46. The company has a current ratio of 2.06, a quick ratio of 0.82 and a debt-to-equity ratio of 17.75.

Hargreaves Services (LON:HSP) last posted its quarterly 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%. Equities research analysts forecast that Hargreaves Services Plc will post 42.9487179 earnings per share for the current year.

Hargreaves Services Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a GBX 18.50 ($0.24) dividend. This is a boost from Hargreaves Services’s previous dividend of $18.00. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 20th. Hargreaves Services’s dividend payout ratio (DPR) 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).