Hardide (LON:HDD) Announces Quarterly Earnings Results

Hardide (LON:HDD) released its quarterly earnings results on Thursday. The company reported GBX 1.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Hardide had a net margin of 3.49% and a return on equity of 5.59%. The business had revenue of GBX 479 million for the quarter.

Hardide Price Performance

LON HDD opened at GBX 43.71 on Friday. The firm’s fifty day simple moving average is GBX 34.58 and its two-hundred day simple moving average is GBX 23.58. The company has a current ratio of 1.65, a quick ratio of 1.77 and a debt-to-equity ratio of 105.54. Hardide has a 12-month low of GBX 6.25 and a 12-month high of GBX 45.70. The firm has a market capitalization of £34.45 million, a P/E ratio of 218.55 and a beta of 0.97.

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.