Hardide (LON:HDD) Trading Up 17.1% – Time to Buy?

Hardide plc (LON:HDD)’s stock price was up 17.1% during mid-day trading on Friday . The stock traded as high as GBX 48.90 and last traded at GBX 48.60. Approximately 1,503,551 shares were traded during mid-day 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 quick ratio of 1.77, a current ratio of 2.46 and a debt-to-equity ratio of 42.96. The firm has a 50 day simple moving average of GBX 34.83 and a 200-day simple moving average of GBX 23.77. The stock has a market cap of £39.41 million, a P/E ratio of 250.00 and a beta of 0.97.

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

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.