Hardide (LON:HDD) Share Price Passes Above 200 Day Moving Average – What’s Next?

Hardide plc (LON:HDD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 48.16 and traded as high as GBX 103. Hardide shares last traded at GBX 99.22, with a volume of 292,591 shares trading hands.

Hardide Stock Down 1.3%

The stock has a market capitalization of £78.20 million, a price-to-earnings ratio of 55.12 and a beta of 1.11. The company has a quick ratio of 1.77, a current ratio of 2.46 and a debt-to-equity ratio of 42.96. The stock has a 50 day moving average price of GBX 77.94 and a 200 day moving average price of GBX 48.16.

Hardide (LON:HDD) last issued its quarterly earnings data 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 business had revenue of GBX 479 million during the quarter. As a group, analysts forecast that Hardide plc will post -2.0999999 EPS 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.