Hardide (LON:HDD) Shares Down 5.9% – Here’s What Happened

Shares of Hardide plc (LON:HDD) fell 5.9% during trading on Thursday . The stock traded as low as GBX 32.20 and last traded at GBX 34.80. 251,128 shares were traded during trading, a decline of 36% from the average session volume of 390,120 shares. The stock had previously closed at GBX 37.

Hardide Stock Performance

The company has a debt-to-equity ratio of 105.54, a quick ratio of 1.77 and a current ratio of 1.65. The company has a market cap of £27.06 million, a PE ratio of 171.70 and a beta of 0.97. The business’s 50-day moving average is GBX 23.98 and its 200 day moving average is GBX 14.58.

Hardide (LON:HDD) last posted its quarterly earnings results on Thursday, January 22nd. The company reported GBX 0.20 earnings per share (EPS) for the quarter. Hardide had a net margin of 3.49% and a return on equity of 5.59%. On average, equities research analysts predict that Hardide plc will post -2.0999999 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew Hamblin purchased 42,892 shares of Hardide stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average cost of GBX 23 per share, for a total transaction of £9,865.16. Also, insider Andrew Magson purchased 85,106 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of GBX 23 per share, for a total transaction of £19,574.38. In the last 90 days, insiders purchased 213,731 shares of company stock worth $4,915,813. Insiders own 65.74% of the company’s stock.

Hardide Company Profile

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.