Hardide (LON:HDD) Shares Up 5.9% – Should You Buy?

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

Hardide Price Performance

The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77. The business’s fifty day moving average price is GBX 52.94 and its 200-day moving average price is GBX 34.84. The stock has a market capitalization of £55.17 million, a price-to-earnings ratio of 38.89 and a beta of 1.12.

Hardide (LON:HDD) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The business had revenue of GBX 479 million during the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%. On average, research analysts forecast that Hardide plc will post -2.0999999 EPS 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.