Hardide (LON:HDD) Hits New 12-Month High – Still a Buy?

Hardide plc (LON:HDD) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 64 and last traded at GBX 60, with a volume of 2027161 shares. The stock had previously closed at GBX 51.

Hardide Trading Up 17.6%

The stock’s fifty day simple moving average is GBX 35.50 and its 200-day simple moving average is GBX 24.49. The firm has a market cap of £47.29 million, a PE ratio of 300.00 and a beta of 0.97. The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77.

Hardide (LON:HDD) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The business had revenue of GBX 479 million during the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. On average, sell-side analysts forecast 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.