Hardide (LON:HDD) Sets New 12-Month High – What’s Next?

Shares of Hardide plc (LON:HDD) reached a new 52-week high during trading on Friday . The company traded as high as GBX 40.80 and last traded at GBX 38, with a volume of 2805434 shares. The stock had previously closed at GBX 33.

Hardide Price Performance

The company has a market capitalization of £29.95 million, a PE ratio of 190.00 and a beta of 0.86. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15. The firm’s 50-day moving average is GBX 20.05 and its 200-day moving average is GBX 12.42.

Hardide (LON:HDD) last posted its quarterly earnings data on Thursday, January 22nd. The company reported GBX 0.20 earnings per share (EPS) for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. Equities analysts predict that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

Insider Buying and Selling at Hardide

In other Hardide news, insider Andrew Magson purchased 85,106 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were purchased at an average cost of GBX 23 per share, with a total value of £19,574.38. Also, insider Matthew Hamblin acquired 42,892 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of GBX 23 per share, with a total value of £9,865.16. Insiders have acquired 213,731 shares of company stock valued at $4,915,813 over the last ninety days. Insiders own 65.46% of the company’s stock.

About Hardide

Hardide plc develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments.