Hays (LON:HAS) Stock Price Down 1.2% – Here’s What Happened

Shares of Hays plc (LON:HAS) were down 1.2% on Thursday . The company traded as low as GBX 79.95 ($1.04) and last traded at GBX 80 ($1.04). Approximately 464,194 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,786,071 shares. The stock had previously closed at GBX 81 ($1.05).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HAS shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 115 ($1.49) price target on shares of Hays in a research note on Tuesday, September 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 125 ($1.62) price target on shares of Hays in a research note on Friday, August 23rd.

Hays Price Performance

The firm has a market cap of £1.27 billion, a price-to-earnings ratio of 1,905.00, a P/E/G ratio of 0.24 and a beta of 1.13. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 43.81. The company has a 50 day moving average of GBX 90.36 and a 200 day moving average of GBX 94.61.

Hays Increases Dividend

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

Insider Buying and Selling

In other Hays news, insider Joe Hurd acquired 2,208 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of GBX 90 ($1.17) per share, with a total value of £1,987.20 ($2,580.11). 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 price of GBX 90 ($1.17) per share, with a total value of £1,987.20 ($2,580.11). Also, insider James Hilton sold 53,038 shares of Hays stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of GBX 88 ($1.14), for a total value of £46,673.44 ($60,599.12). 0.54% of the stock is currently owned by company insiders.

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.