Hardide (LON:HDD) Shares Down 6.9% – What’s Next?

Hardide plc (LON:HDD)’s share price was down 6.9% on Tuesday . The stock traded as low as GBX 88.15 and last traded at GBX 91.75. Approximately 1,447,487 shares were traded during mid-day trading, an increase of 243% from the average session volume of 421,456 shares. The stock had previously closed at GBX 98.50.

Hardide Stock Down 6.9%

The company has a market cap of £72.31 million, a price-to-earnings ratio of 50.97 and a beta of 1.16. The company has a current ratio of 2.46, a quick ratio of 1.77 and a debt-to-equity ratio of 42.96. The business has a fifty day moving average of GBX 78.51 and a two-hundred day moving average of GBX 48.95.

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