Hardide (LON:HDD) Stock Price Up 11.6% – Should You Buy?

Shares of Hardide plc (LON:HDD) shot up 11.6% on Wednesday . The company traded as high as GBX 35.70 and last traded at GBX 35.70. 215,570 shares were traded during mid-day trading, a decline of 43% from the average session volume of 376,530 shares. The stock had previously closed at GBX 32.

Hardide Stock Performance

The company has a 50-day moving average of GBX 24.60 and a 200-day moving average of GBX 15.03. The company has a market cap of £28.14 million, a PE ratio of 178.50 and a beta of 0.97. The company has a quick ratio of 1.77, a current ratio of 1.65 and a debt-to-equity ratio of 105.54.

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

Insider Activity

In other news, insider Matthew Hamblin acquired 42,892 shares of Hardide stock in a transaction on Tuesday, February 10th. The stock was acquired at an average cost of GBX 23 per share, with a total value of £9,865.16. Also, insider Bryan Allcock acquired 21,459 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 £4,935.57. In the last three months, insiders have purchased 213,731 shares of company stock worth $4,915,813. Company insiders own 65.74% of the company’s stock.

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.