Hargreaves Services (LON:HSP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Hargreaves Services Plc (LON:HSP) 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 trading hands.

Hargreaves Services Price Performance

The firm has a 50 day moving average price of GBX 644.67 and a two-hundred day moving average price of GBX 593.79. The company has a market cap of £217.95 million, a P/E ratio of 17.68 and a beta of 0.85. The company has a debt-to-equity ratio of 17.75, a quick ratio of 0.82 and a current ratio of 2.06.

Hargreaves Services (LON:HSP) last issued its 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, analysts predict that Hargreaves Services Plc will post 42.9487179 EPS for the current fiscal year.

Hargreaves Services Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a GBX 18.50 ($0.24) dividend. This is a positive change 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 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).