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

Shares of Hargreaves Services Plc (LON:HSP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 594.80 ($7.72) and traded as high as GBX 646 ($8.39). Hargreaves Services shares last traded at GBX 620 ($8.05), with a volume of 7,455 shares trading hands.

Hargreaves Services Stock Up 1.0 %

The stock’s fifty day simple moving average is GBX 646.94 and its two-hundred day simple moving average is GBX 594.80. The company has a debt-to-equity ratio of 17.75, a current ratio of 2.06 and a quick ratio of 0.82. The company has a market capitalization of £209.29 million, a price-to-earnings ratio of 16.98 and a beta of 0.85.

Hargreaves Services (LON:HSP) last issued its earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.16) EPS for the quarter. Hargreaves Services had a return on equity of 6.30% and a net margin of 5.81%. On average, sell-side analysts predict that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Hargreaves Services Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 18.50 ($0.24) per share. This represents a dividend yield of 2.77%. This is a positive change from Hargreaves Services’s previous dividend of $18.00. The ex-dividend date is Thursday, March 20th. Hargreaves Services’s dividend payout ratio (DPR) is 98.58%.

About Hargreaves Services

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).