Hays (LON:HAS) Hits New 52-Week Low - What's Next?

Hays plc (LON:HAS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 75.25 ($0.97) and last traded at GBX 76.94 ($0.99), with a volume of 53185 shares traded. The stock had previously closed at GBX 77.10 ($0.99).

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a GBX 125 ($1.61) target price on shares of Hays in a research report on Friday, August 23rd. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 115 ($1.48) price objective on shares of Hays in a report on Tuesday, September 3rd.

Hays Price Performance

The company has a debt-to-equity ratio of 43.81, a quick ratio of 1.31 and a current ratio of 1.32. The company has a fifty day moving average price of GBX 85.65 and a two-hundred day moving average price of GBX 93.06. The company has a market cap of £1.24 billion, a P/E ratio of 1,905.00, a PEG ratio of 0.24 and a beta of 1.13.

Hays Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, October 17th will be paid a GBX 2.05 ($0.03) dividend. This represents a yield of 2.16%. This is an increase from Hays's previous dividend of $0.95. The ex-dividend date is Thursday, October 17th.

Insider Transactions at Hays

In other news, insider Joe Hurd purchased 2,208 shares of the company's stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of GBX 90 ($1.16) per share, with a total value of £1,987.20 ($2,557.20). In other Hays news, insider Joe Hurd purchased 2,208 shares of the stock in a transaction on Monday, September 9th. The shares were purchased at an average price of GBX 90 ($1.16) per share, with a total value of £1,987.20 ($2,557.20). Also, insider James Hilton sold 53,038 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of GBX 88 ($1.13), for a total value of £46,673.44 ($60,061.05). Company 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.