Hays (LON:HAS) Hits New 12-Month Low – Time to Sell?

Hays plc (LON:HAS)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 75 ($0.94) and last traded at GBX 75 ($0.94), with a volume of 7671 shares changing hands. The stock had previously closed at GBX 76 ($0.95).

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 115 ($1.44) price target on shares of Hays in a report on Tuesday, September 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 125 ($1.57) price target on shares of Hays in a report on Friday, August 23rd.

Hays Price Performance

The business has a 50-day moving average of GBX 83.83 and a 200 day moving average of GBX 92.32. The firm has a market capitalization of £1.21 billion, a PE ratio of 1,905.00, a price-to-earnings-growth ratio of 0.24 and a beta of 1.13. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 43.81.

Insider Activity

In other news, insider James Hilton sold 53,038 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of GBX 88 ($1.10), for a total transaction of £46,673.44 ($58,510.02). Also, insider Joe Hurd bought 2,208 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of GBX 90 ($1.13) per share, for a total transaction of £1,987.20 ($2,491.16). Insiders own 0.54% of the company’s stock.

Hays Company Profile

Hays plc engages in the provision of recruitment services in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company provides qualified, professional, and skilled recruitment in permanent, temporary, and contractor formats to public and private sectors. It offers its recruitment services in the specialisms, such as accountancy and finance, banking and capital markets, construction and property, contact centers, education, energy, oil and gas, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, life sciences, office support, procurement, resources and mining, retail, sales and marketing, sustainability, technology, and telecoms.