Hargreaves Services (LON:HSP) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Hargreaves Services Plc (LON:HSP - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 594.80 ($7.57) and traded as high as GBX 646 ($8.22). Hargreaves Services shares last traded at GBX 620 ($7.89), with a volume of 7,455 shares changing hands.

Hargreaves Services Trading Down 7.1 %

The firm has a market cap of £174.18 million, a price-to-earnings ratio of 14.13 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. The company's 50 day simple moving average is GBX 644.25 and its 200 day simple moving average is GBX 594.10.

Hargreaves Services (LON:HSP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported GBX 12.23 ($0.16) EPS for the quarter. Hargreaves Services had a net margin of 5.81% and a return on equity of 6.30%. As a group, research analysts expect that Hargreaves Services Plc will post 42.9487179 earnings per share for the current fiscal year.

Hargreaves Services Increases Dividend

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