Hardide (LON:HDD) Shares Up 39.6% – Here’s What Happened

Shares of Hardide plc (LON:HDD) were up 39.6% during trading on Wednesday . The stock traded as high as GBX 104 and last traded at GBX 104. 2,359,394 shares changed hands during mid-day trading, an increase of 467% from the average session volume of 415,970 shares. The stock had previously closed at GBX 74.50.

Hardide Stock Performance

The company has a market capitalization of £81.97 million, a P/E ratio of 57.78 and a beta of 1.11. The company has a debt-to-equity ratio of 42.96, a quick ratio of 1.77 and a current ratio of 2.46. The business’s fifty day simple moving average is GBX 63.53 and its 200-day simple moving average is GBX 40.60.

Hardide (LON:HDD) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 EPS for the quarter. The business had revenue of GBX 479 million during the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. As a group, equities analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

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.