Hardide (LON:HDD) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Hardide plc (LON:HDDGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.63 and traded as low as GBX 6.25. Hardide shares last traded at GBX 7, with a volume of 494,785 shares.

Hardide Stock Up 5.7%

The stock has a market cap of £5.52 million, a P/E ratio of -17.50 and a beta of 0.86. The company has a current ratio of 1.46, a quick ratio of 1.77 and a debt-to-equity ratio of 69.15. The stock’s 50-day moving average is GBX 7.62 and its 200-day moving average is GBX 7.63.

Insider Activity

In related news, insider Andrew Magson acquired 185,185 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were acquired at an average price of GBX 8 per share, for a total transaction of £14,814.80. 65.46% of the stock is owned by company insiders.

Hardide Company Profile

(Get Free Report)

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.

Further Reading

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