Hardide (LON:HDD) Trading Up 23.7% – Here’s What Happened

Hardide plc (LON:HDD)’s share price was up 23.7% during mid-day trading on Monday . The stock traded as high as GBX 6.95 ($0.09) and last traded at GBX 6.95 ($0.09). Approximately 478,301 shares traded hands during trading, an increase of 437% from the average daily volume of 89,103 shares. The stock had previously closed at GBX 5.62 ($0.07).

Hardide Trading Down 4.2 %

The business’s 50 day simple moving average is GBX 5.42 and its 200 day simple moving average is GBX 5.68. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77. The company has a market capitalization of £5.34 million, a price-to-earnings ratio of -226.67 and a beta of 0.86.

Hardide (LON:HDD) last issued its quarterly earnings results on Wednesday, January 29th. The company reported GBX (1.90) (($0.02)) earnings per share (EPS) for the quarter. Hardide had a negative net margin of 30.89% and a negative return on equity of 32.89%. Research analysts anticipate that Hardide plc will post -2.0999999 EPS for the current year.

Insider Activity

In other news, insider Andrew Magson purchased 159,172 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 6 ($0.07) per share, for a total transaction of £9,550.32 ($11,920.02). Corporate insiders own 45.00% 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.