Hardide (LON:HDD) Issues Quarterly Earnings Results

Hardide (LON:HDD) issued its earnings results on Thursday. The company reported GBX 1.60 earnings per share for the quarter, Digital Look Earnings reports. Hardide had a net margin of 3.49% and a return on equity of 5.59%. The company had revenue of GBX 479 million for the quarter.

Hardide Trading Up 5.7%

LON HDD opened at GBX 40.70 on Thursday. The company has a debt-to-equity ratio of 105.54, a quick ratio of 1.77 and a current ratio of 1.65. Hardide has a one year low of GBX 6.25 and a one year high of GBX 43.10. The company has a 50-day simple moving average of GBX 34.50 and a 200-day simple moving average of GBX 23.35. The firm has a market capitalization of £32.08 million, a PE ratio of 203.50 and a beta of 0.97.

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.