Hardide (LON:HDD) Shares Up 27.4% – Time to Buy?

Hardide plc (LON:HDDGet Free Report) rose 27.4% during trading on Monday . The company traded as high as GBX 9.49 and last traded at GBX 8.57. Approximately 1,067,592 shares were traded during trading, an increase of 719% from the average daily volume of 130,350 shares. The stock had previously closed at GBX 6.72.

Hardide Stock Performance

The stock has a market capitalization of £8.20 million, a PE ratio of -26.00 and a beta of 0.86. The business’s fifty day moving average is GBX 7.41 and its two-hundred day moving average is GBX 7.74. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15.

Insider Activity at Hardide

In related news, insider Andrew Magson purchased 185,185 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of GBX 8 per share, for a total transaction of £14,814.80. Insiders own 65.46% of the company’s stock.

Hardide Company Profile

(Get Free Report)

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.

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