Hargreaves Services (LON:HSP) Stock Crosses Above 200-Day Moving Average – Should You Sell?

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 564.88 ($7.10) and traded as high as GBX 610 ($7.67). Hargreaves Services shares last traded at GBX 604 ($7.59), with a volume of 29,795 shares changing hands.

Hargreaves Services Stock Performance

The company has a debt-to-equity ratio of 17.78, a current ratio of 2.06 and a quick ratio of 0.82. The stock has a 50-day moving average price of GBX 557.47 and a 200-day moving average price of GBX 564.88. The firm has a market capitalization of £194.83 million, a PE ratio of 1,597.57 and a beta of 0.85.

Insiders Place Their Bets

In related news, insider David Anderson purchased 2,789 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of GBX 564 ($7.09) per share, with a total value of £15,729.96 ($19,776.16). 13.13% of the stock is owned by company insiders.

About Hargreaves Services

Hargreaves Services Plc provides environmental and industrial services in the United Kingdom, Southeast Asia, and South Africa. The company operates through: Services, Hargreaves Land, and Hargreaves Raw Materials Services segments. It offers environmental services, such as carbon sequestration and forestry creation, land remediation, land restoration and aftercare, geotechnical assessment, environmental site survey, and waste management services; materials handling operation and maintenance, mechanical and electrical maintenance, and project engineering services; and earthmoving advisory and contracting services, including soils treatment services.