Hardide (LON:HDD) Stock Price Up 5.9% – Still a Buy?

Hardide plc (LON:HDD) was up 5.9% during trading on Monday . The stock traded as high as GBX 72.20 and last traded at GBX 72. Approximately 288,192 shares were traded during trading, a decline of 33% from the average daily volume of 433,102 shares. The stock had previously closed at GBX 68.

Hardide Trading Up 5.9%

The company has a quick ratio of 1.77, a current ratio of 2.46 and a debt-to-equity ratio of 42.96. The stock has a market cap of £56.75 million, a PE ratio of 40.00 and a beta of 1.12. The business’s fifty day moving average is GBX 51.49 and its 200 day moving average is GBX 34.05.

Hardide (LON:HDD) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 1.60 EPS for the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%.The business had revenue of GBX 479 million for the quarter. As a group, analysts predict 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.