Hardide (LON:HDD) Shares Up 3.1% – Should You Buy?

Hardide plc (LON:HDD)’s stock price rose 3.1% during mid-day trading on Tuesday . The company traded as high as GBX 16.50 and last traded at GBX 16.39. Approximately 227,352 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 177,685 shares. The stock had previously closed at GBX 15.89.

Hardide Stock Up 35.6%

The firm has a 50 day simple moving average of GBX 15.32 and a two-hundred day simple moving average of GBX 10.31. The stock has a market capitalization of £17.10 million, a P/E ratio of -54.25 and a beta of 0.86. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15.

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