Hargreaves Services (LON:HSP) Shares Up 1% – Time to Buy?

Hargreaves Services Plc (LON:HSP) shares rose 1% during mid-day trading on Tuesday . The company traded as high as GBX 606 ($7.74) and last traded at GBX 586 ($7.49). Approximately 77,867 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 41,725 shares. The stock had previously closed at GBX 580 ($7.41).

Hargreaves Services Price Performance

The stock has a market cap of £200.03 million, a price-to-earnings ratio of 1,583.78 and a beta of 0.85. The company’s 50 day moving average is GBX 548.79 and its 200 day moving average is GBX 562.88. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.06 and a quick ratio of 0.82.

Insider Activity

In related news, insider Stephen Craigen sold 2,652 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of GBX 582 ($7.44), for a total value of £15,434.64 ($19,719.74). Also, insider David Anderson bought 2,789 shares of the company’s stock in a transaction on Friday, November 8th. The shares were acquired at an average price of GBX 564 ($7.21) per share, with a total value of £15,729.96 ($20,097.05). Insiders own 13.13% of the company’s stock.

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.