Hardide (LON:HDD) Stock Price Up 10.7% – Here’s Why

Hardide plc (LON:HDD) shares shot up 10.7% during trading on Tuesday . The stock traded as high as GBX 27.50 and last traded at GBX 26.57. 303,179 shares changed hands during trading, an increase of 1% from the average session volume of 298,827 shares. The stock had previously closed at GBX 24.

Hardide Trading Up 10.7%

The company has a market capitalization of £20.94 million, a price-to-earnings ratio of 132.83 and a beta of 0.86. The business’s 50 day simple moving average is GBX 18.22 and its 200 day simple moving average is GBX 11.43. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77.

Hardide (LON:HDD) last posted its quarterly earnings data on Thursday, January 22nd. The company reported GBX 0.20 earnings per share for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. Research analysts anticipate that Hardide plc will post -2.0999999 EPS for the current year.

Insider Activity

In other news, insider Andrew Magson acquired 85,106 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of GBX 23 per share, for a total transaction of £19,574.38. Also, insider Bryan Allcock bought 21,459 shares of Hardide stock in a transaction dated Tuesday, February 10th. The stock was purchased at an average price of GBX 23 per share, with a total value of £4,935.57. In the last 90 days, insiders have bought 213,731 shares of company stock valued at $4,915,813. Corporate insiders own 65.46% of the company’s stock.

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.