Hardide (LON:HDD) Reaches New 1-Year High – Here’s Why

Hardide plc (LON:HDD)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 43.10 and last traded at GBX 41.35, with a volume of 978357 shares traded. The stock had previously closed at GBX 38.50.

Hardide Stock Performance

The stock has a market capitalization of £39.41 million, a P/E ratio of 250.00 and a beta of 0.97. The company has a 50 day simple moving average of GBX 34.83 and a 200-day simple moving average of GBX 23.77. The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77.

Hardide (LON:HDD) last issued its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 479 million for the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%. On average, equities analysts forecast that Hardide plc will post -2.0999999 EPS for the current year.

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.