Hardide (LON:HDD) Stock Price Up 17.1% – Should You Buy?

Hardide plc (LON:HDD) shares rose 17.1% during mid-day trading on Friday . The company traded as high as GBX 48.90 and last traded at GBX 48.60. Approximately 1,503,551 shares were traded during trading, an increase of 284% from the average daily volume of 391,852 shares. The stock had previously closed at GBX 41.50.

Hardide Stock Up 20.5%

The company has a market cap of £39.41 million, a PE ratio of 250.00 and a beta of 0.97. The company has a quick ratio of 1.77, a current ratio of 1.65 and a debt-to-equity ratio of 105.54. The firm’s fifty day simple moving average is GBX 34.58 and its 200-day simple moving average is GBX 23.58.

Hardide (LON:HDD) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Hardide had a net margin of 3.49% and a return on equity of 5.59%. The company had revenue of GBX 479 million for the quarter. As a group, equities research analysts expect that Hardide plc will post -2.0999999 earnings per share for the current fiscal 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.