Hardide (LON:HDD) Sets New 12-Month High – Here’s Why

Hardide plc (LON:HDD)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 8.40 ($0.11) and last traded at GBX 8.40 ($0.11), with a volume of 260263 shares traded. The stock had previously closed at GBX 7.75 ($0.10).

Hardide Trading Up 8.4%

The business has a 50 day simple moving average of GBX 6.61 and a 200-day simple moving average of GBX 6.08. The company has a current ratio of 1.46, a quick ratio of 1.77 and a debt-to-equity ratio of 69.15. The stock has a market capitalization of £6.62 million, a price-to-earnings ratio of -3.51 and a beta of 0.86.

Hardide (LON:HDD) last issued its quarterly earnings results on Tuesday, May 20th. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. On average, equities analysts predict that Hardide plc will post -2.0999999 earnings per share for the current year.

Insider Activity

In related news, insider Andrew Magson bought 126,742 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of GBX 8 ($0.11) per share, for a total transaction of £10,139.36 ($13,716.67). Also, insider Matthew Hamblin acquired 32,601 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of GBX 8 ($0.11) per share, for a total transaction of £2,608.08 ($3,528.25). Corporate insiders own 45.00% 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.