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

Hargreaves Services Plc (LON:HSP)’s stock 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 trading hands.

Hargreaves Services Stock Down 5.8 %

The company has a market cap of £187.51 million, a PE ratio of 15.21 and a beta of 0.85. The firm has a 50-day simple moving average of GBX 645.93 and a two-hundred day simple moving average of GBX 594.46. The company has a debt-to-equity ratio of 17.75, a current ratio of 2.06 and a quick ratio of 0.82.

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

Hargreaves Services Increases Dividend

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

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).