Hardide (LON:HDD) Stock Price Down 10.5% – Should You Sell?

Hardide plc (LON:HDD)’s stock price traded down 10.5% during mid-day trading on Tuesday . The company traded as low as GBX 33.90 and last traded at GBX 34. 265,387 shares were traded during mid-day trading, a decline of 31% from the average session volume of 384,506 shares. The stock had previously closed at GBX 38.

Hardide Stock Up 1.4%

The stock has a market capitalization of £28.36 million, a P/E ratio of 179.93 and a beta of 0.46. The company has a current ratio of 1.65, a quick ratio of 1.77 and a debt-to-equity ratio of 105.54. The stock’s 50 day simple moving average is GBX 21.62 and its 200 day simple moving average is GBX 13.28.

Hardide (LON:HDD) last released its earnings results on Thursday, January 22nd. The company reported GBX 0.20 earnings per share for the quarter. Hardide had a net margin of 3.49% and a return on equity of 5.59%. As a group, research analysts predict that Hardide plc will post -2.0999999 EPS for the current fiscal year.

Insider Transactions at Hardide

In other news, insider Bryan Allcock purchased 21,459 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average cost of GBX 23 per share, with a total value of £4,935.57. Also, insider Matthew Hamblin acquired 42,892 shares of Hardide stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average price of GBX 23 per share, for a total transaction of £9,865.16. In the last 90 days, insiders purchased 213,731 shares of company stock worth $4,915,813. 65.46% of the stock is currently owned by corporate insiders.

Hardide Company Profile

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.