Hardide (LON:HDD) Shares Down 9.5% – What’s Next?

Hardide plc (LON:HDD)’s stock price fell 9.5% during mid-day trading on Friday . The stock traded as low as GBX 35 and last traded at GBX 35. 689,027 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 375,157 shares. The stock had previously closed at GBX 38.66.

Hardide Stock Down 9.5%

The stock has a market cap of £27.58 million, a price-to-earnings ratio of 175.00 and a beta of 1.05. The company has a quick ratio of 1.77, a current ratio of 1.65 and a debt-to-equity ratio of 105.54. The business’s fifty day moving average is GBX 33.89 and its two-hundred day moving average is GBX 21.46.

Insider Activity at Hardide

In other news, insider Andrew Magson purchased 85,106 shares of the company’s 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 £19,574.38. Also, insider Matthew Hamblin purchased 42,892 shares of the company’s 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. Over the last three months, insiders have purchased 213,731 shares of company stock worth $4,915,813. Insiders own 65.74% of the company’s stock.

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.