Hardide (LON:HDD) Trading Up 11.6% – What’s Next?

Shares of Hardide plc (LON:HDD) shot up 11.6% during trading on Monday . The stock traded as high as GBX 16.95 and last traded at GBX 16.33. 398,414 shares changed hands during trading, an increase of 113% from the average session volume of 187,223 shares. The stock had previously closed at GBX 14.63.

Hardide Price Performance

The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77. The company has a market cap of £12.87 million, a P/E ratio of -40.81 and a beta of 0.86. The company has a fifty day simple moving average of GBX 9.18 and a 200-day simple moving average of GBX 8.33.

Insider Buying and Selling at Hardide

In other news, insider Andrew Magson acquired 185,185 shares of the stock in a transaction on Friday, October 24th. The shares were purchased at an average cost of GBX 8 per share, for a total transaction of £14,814.80. 65.46% of the stock is currently owned by company insiders.

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.