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

Hardide plc (LON:HDD)’s stock price reached 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 changing hands. The stock had previously closed at GBX 7.75 ($0.10).

Hardide Stock Up 8.4%

The firm has a market cap of £6.62 million, a price-to-earnings ratio of -3.51 and a beta of 0.86. 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 50-day moving average of GBX 6.61 and a 200-day moving average of GBX 6.08.

Hardide (LON:HDD) last released its quarterly earnings data on Tuesday, May 20th. The company reported GBX (0.10) ($0.00) earnings per share (EPS) for the quarter. Hardide had a negative net margin of 30.89% and a negative return on equity of 34.98%. As a group, sell-side analysts forecast that Hardide plc will post -2.0999999 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Hamblin acquired 32,601 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of GBX 8 ($0.11) per share, with a total value of £2,608.08 ($3,528.25). Also, insider Andrew Magson acquired 126,742 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of GBX 8 ($0.11) per share, for a total transaction of £10,139.36 ($13,716.67). 45.00% of the stock is currently owned by insiders.

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.