Hardide (LON:HDD) Trading Up 10.7% – Time to Buy?

Hardide plc (LON:HDD) was up 10.7% on Tuesday . The company traded as high as GBX 27.50 and last traded at GBX 26.57. Approximately 303,179 shares traded hands during trading, an increase of 1% from the average daily volume of 298,827 shares. The stock had previously closed at GBX 24.

Hardide Stock Performance

The firm has a fifty day moving average of GBX 18.67 and a 200 day moving average of GBX 11.66. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77. The stock has a market capitalization of £20.10 million, a price-to-earnings ratio of 127.50 and a beta of 0.86.

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

Insider Activity

In other news, insider Bryan Allcock acquired 21,459 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of GBX 23 per share, with a total value of £4,935.57. Also, insider Simon Hallam acquired 10,678 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average price of GBX 23 per share, with a total value of £2,455.94. Over the last three months, insiders bought 213,731 shares of company stock valued at $4,915,813. 65.46% of the stock is currently owned by corporate 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.