Hargreaves Services (LON:HSP) Shares Cross Above 200 Day Moving Average – Should You Sell?

Hargreaves Services Plc (LON:HSP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 565.56 ($7.09) and traded as high as GBX 594 ($7.44). Hargreaves Services shares last traded at GBX 590 ($7.39), with a volume of 7,229 shares changing hands.

Hargreaves Services Price Performance

The stock’s 50-day moving average is GBX 562.83 and its 200 day moving average is GBX 565.56. 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 company has a market cap of £194.46 million, a PE ratio of 1,594.59 and a beta of 0.85.

Insiders Place Their Bets

In other news, insider David Anderson acquired 2,789 shares of Hargreaves Services stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of GBX 564 ($7.07) per share, for a total transaction of £15,729.96 ($19,711.73). 13.13% of the stock is owned by 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.