Hardide (LON:HDD) Hits New 1-Year High – Should You Buy?

Hardide plc (LON:HDD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 41 and last traded at GBX 39.99, with a volume of 2571800 shares traded. The stock had previously closed at GBX 38.91.

Hardide Trading Up 2.8%

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 firm’s fifty day simple moving average is GBX 33.07 and its 200-day simple moving average is GBX 20.78. The stock has a market cap of £31.52 million, a P/E ratio of 199.95 and a beta of 1.05.

Insider Activity

In other news, insider Matthew Hamblin purchased 42,892 shares of the stock in a transaction on Tuesday, February 10th. The stock was purchased at an average price of GBX 23 per share, for a total transaction of £9,865.16. Also, insider Andrew Magson purchased 85,106 shares of the stock in a transaction on Tuesday, February 10th. The shares were purchased at an average price of GBX 23 per share, with a total value of £19,574.38. Insiders have bought a total of 213,731 shares of company stock worth $4,915,813 in the last 90 days. 65.74% of the stock is owned by company insiders.

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.