Hercules Site Services (LON:HERC) Shares Up 2.5% – Time to Buy?

Hercules Site Services Plc (LON:HERC) shares shot up 2.5% during mid-day trading on Friday . The stock traded as high as GBX 55 and last traded at GBX 54.30. 118,190 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 92,111 shares. The stock had previously closed at GBX 53.

Hercules Site Services Trading Up 2.5%

The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 108.20. The company’s 50-day moving average is GBX 42.84 and its 200 day moving average is GBX 41.27. The company has a market cap of £43.76 million, a price-to-earnings ratio of -17.80 and a beta of 0.52.

Hercules Site Services Company Profile

Hercules Site Services plc is a leading technology enabled labour supply company for the UK infrastructure and construction sectors, which joined the AIM market in February 2022. Founded in 2008 by CEO Brusk Korkmaz, Hercules provides site services to a diverse range of blue-chip clients, including Balfour Beaty, Costain, Skanska, Kier, and Hill Group. Our services include:
– Labour Supply (blue collar operatives)
– Civil Projects, mainly in the water utilities sector for the likes of Thames Water, Southern Water, Anglian Water, and Severn Trent
– Suction Excavator services
– Hercules Construction Academy, upskilling our workers and providing training to individuals from across the industry
– Future Build Recruitment, is our first acquisition and provides white collar recruitment services.