Hardide (LON:HDD) Trading Up 11.6% – What’s Next?

Shares of Hardide plc (LON:HDD) rose 11.6% during trading on Wednesday . The stock traded as high as GBX 35.70 and last traded at GBX 35.70. Approximately 215,570 shares were traded during trading, a decline of 43% from the average daily volume of 376,530 shares. The stock had previously closed at GBX 32.

Hardide Stock Up 11.6%

The company has a market cap of £28.14 million, a price-to-earnings ratio of 178.50 and a beta of 0.97. The stock’s 50-day moving average is GBX 24.60 and its 200-day moving average is GBX 15.03. 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 (LON:HDD) last posted its quarterly earnings results on Thursday, January 22nd. The company reported GBX 0.20 EPS for the quarter. Hardide had a net margin of 3.49% and a return on equity of 5.59%. On average, analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

Insider Transactions at Hardide

In other news, insider Matthew Hamblin bought 42,892 shares of Hardide stock in a transaction dated Tuesday, February 10th. The stock was bought at an average cost of GBX 23 per share, for a total transaction of £9,865.16. Also, insider Bryan Allcock purchased 21,459 shares of the business’s 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 £4,935.57. In the last 90 days, insiders have purchased 213,731 shares of company stock valued at $4,915,813. 65.74% of the stock is currently owned by corporate 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.