Hays (LON:HAS) Trading Down 4.8% – Here’s Why

Shares of Hays plc (LON:HAS) fell 4.8% on Thursday . The stock traded as low as GBX 76.15 ($0.96) and last traded at GBX 78.71 ($0.99). Approximately 21,065,246 shares changed hands during trading, an increase of 472% from the average daily volume of 3,680,029 shares. The stock had previously closed at GBX 82.70 ($1.04).

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 115 ($1.45) price target on shares of Hays in a research note on Tuesday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 125 ($1.58) target price on shares of Hays in a research report on Friday, August 23rd.

Hays Stock Performance

The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 43.81. The firm has a 50-day moving average price of GBX 80.23 and a two-hundred day moving average price of GBX 90.13. The firm has a market cap of £1.26 billion, a PE ratio of 1,905.00, a P/E/G ratio of 0.24 and a beta of 1.13.

Insider Buying and Selling at Hays

In other Hays news, insider James Hilton acquired 638 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of GBX 77 ($0.97) per share, with a total value of £491.26 ($620.04). 0.54% of the stock is currently owned by insiders.

About Hays

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.