Hardide (LON:HDD) Trading Up 39.6% – Time to Buy?

Hardide plc (LON:HDD) shares shot up 39.6% on Wednesday . The stock traded as high as GBX 104 and last traded at GBX 104. Approximately 2,359,394 shares changed hands during mid-day trading, an increase of 467% from the average daily volume of 415,970 shares. The stock had previously closed at GBX 74.50.

Hardide Price Performance

The firm has a 50 day moving average price of GBX 66.03 and a 200 day moving average price of GBX 41.75. The stock has a market capitalization of £75.27 million, a PE ratio of 53.06 and a beta of 1.11. The company has a current ratio of 2.46, a quick ratio of 1.77 and a debt-to-equity ratio of 42.96.

Hardide (LON:HDD) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 EPS for the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%.The firm had revenue of GBX 479 million for the quarter. Research analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current year.

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.