Hardide (LON:HDD) Shares Up 39.6% – Should You Buy?

Hardide plc (LON:HDD) shot up 39.6% during trading on Wednesday . The company traded as high as GBX 104 and last traded at GBX 104. 2,359,394 shares changed hands during trading, an increase of 467% from the average daily volume of 415,970 shares. The stock had previously closed at GBX 74.50.

Hardide Price Performance

The firm’s 50-day moving average is GBX 63.53 and its two-hundred day moving average is GBX 40.60. The company has a market cap of £81.97 million, a P/E ratio of 57.78 and a beta of 1.11. The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77.

Hardide (LON:HDD) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. The company had revenue of GBX 479 million for the quarter. Analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current 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.