Hardide (LON:HDD) Reaches New 1-Year High – Here’s Why

Hardide plc (LON:HDD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 40.80 and last traded at GBX 38, with a volume of 2805434 shares trading hands. The stock had previously closed at GBX 33.

Hardide Stock Up 15.2%

The stock has a 50 day moving average price of GBX 20.05 and a 200 day moving average price of GBX 12.42. The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46. The company has a market capitalization of £29.95 million, a P/E ratio of 190.00 and a beta of 0.86.

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

Insider Transactions at Hardide

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