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

Hardide plc (LON:HDD) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 43.10 and last traded at GBX 41.35, with a volume of 978357 shares changing hands. The stock had previously closed at GBX 38.50.

Hardide Stock Performance

The firm has a fifty day moving average of GBX 34.50 and a 200-day moving average of GBX 23.35. 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 firm has a market cap of £32.59 million, a P/E ratio of 206.75 and a beta of 0.97.

Hardide (LON:HDD) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 earnings per share for the quarter. Hardide had a return on equity of 5.59% and a net margin of 3.49%.The firm had revenue of GBX 479 million during the quarter. Research analysts predict that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

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.