Hargreaves Services (LON:HSP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Hargreaves Services Plc (LON:HSP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Trading Up 0.3 %

The business’s 50 day simple moving average is GBX 643.51 and its 200 day simple moving average is GBX 593.41. The company has a market capitalization of £216.71 million, a price-to-earnings ratio of 17.58 and a beta of 0.85. The company has a debt-to-equity ratio of 17.75, a current ratio of 2.06 and a quick ratio of 0.82.

Hargreaves Services (LON:HSP) last announced 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%. Research analysts anticipate that Hargreaves Services Plc will post 42.9487179 EPS for the current year.

Hargreaves Services Increases Dividend

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