Hargreaves Services (LON:HSP) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Hargreaves Services Plc (LON:HSP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 590.87 ($7.68) and traded as high as GBX 670 ($8.71). Hargreaves Services shares last traded at GBX 650 ($8.45), with a volume of 18,993 shares traded.

Hargreaves Services Trading Up 1.2 %

The company has a debt-to-equity ratio of 17.75, a quick ratio of 0.82 and a current ratio of 2.06. The stock has a market capitalization of £228.19 million, a P/E ratio of 18.51 and a beta of 0.85. The stock has a 50-day moving average price of GBX 637.83 and a two-hundred day moving average price of GBX 591.42.

Hargreaves Services (LON:HSP) last released its quarterly earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.16) 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, research analysts forecast that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

Hargreaves Services Increases Dividend

The business also recently declared 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 of this dividend is Thursday, March 20th. This represents a dividend yield of 2.77%. This is a boost from Hargreaves Services’s previous dividend of $18.00. Hargreaves Services’s payout ratio is currently 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).