Hardide (LON:HDD) Hits New 52-Week 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 changing hands. The stock had previously closed at GBX 33.

Hardide Trading Up 15.2%

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 firm has a fifty day simple moving average of GBX 20.52 and a two-hundred day simple moving average of GBX 12.67. The firm has a market cap of £29.95 million, a PE ratio of 190.00 and a beta of 0.86.

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

Insider Activity at Hardide

In related news, insider Simon Hallam bought 10,678 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average price of GBX 23 per share, with a total value of £2,455.94. Also, insider Matthew Hamblin purchased 42,892 shares of Hardide stock in a transaction that occurred on Tuesday, February 10th. The shares were bought at an average price of GBX 23 per share, for a total transaction of £9,865.16. Insiders acquired a total of 213,731 shares of company stock valued at $4,915,813 in the last 90 days. 65.46% of the stock is 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.