Hardide (LON:HDD) Hits New 12-Month High – Here’s Why

Shares of Hardide plc (LON:HDD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 43.10 and last traded at GBX 41.35, with a volume of 978357 shares trading hands. The stock had previously closed at GBX 38.50.

Hardide Stock Performance

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 stock has a market capitalization of £32.59 million, a price-to-earnings ratio of 206.75 and a beta of 0.97. The stock’s 50-day simple moving average is GBX 34.50 and its 200 day simple moving average is GBX 23.35.

Hardide (LON:HDD) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 earnings per share 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 during the quarter. 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.