Hardide (LON:HDD) Trading Up 11.6% – Should You Buy?

Hardide plc (LON:HDD) traded up 11.6% during mid-day trading on Monday . The stock traded as high as GBX 16.95 and last traded at GBX 16.33. 398,414 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 187,223 shares. The stock had previously closed at GBX 14.63.

Hardide Trading Up 11.6%

The business has a 50 day moving average price of GBX 9.18 and a 200 day moving average price of GBX 8.33. The company has a current ratio of 1.46, a quick ratio of 1.77 and a debt-to-equity ratio of 69.15. The company has a market capitalization of £12.87 million, a P/E ratio of -40.81 and a beta of 0.86.

Insider Buying and Selling at Hardide

In other news, insider Andrew Magson acquired 185,185 shares of the stock in a transaction dated Friday, October 24th. The shares were bought at an average cost of GBX 8 per share, for a total transaction of £14,814.80. Corporate insiders own 65.46% of the company’s stock.

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.