Hardide (LON:HDD) Reaches New 52-Week High – Still a Buy?

Hardide plc (LON:HDDGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 15.60 and last traded at GBX 15.35, with a volume of 561754 shares. The stock had previously closed at GBX 14.98.

Hardide Trading Up 2.5%

The company has a 50 day simple moving average of GBX 8.07 and a 200 day simple moving average of GBX 7.97. The company has a market capitalization of £12.10 million, a PE ratio of -38.38 and a beta of 0.86. The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46.

Insider Activity at Hardide

In other 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 purchased at an average cost of GBX 8 per share, for a total transaction of £14,814.80. Insiders own 65.46% of the company’s stock.

About Hardide

(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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