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

Hardide plc (LON:HDD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 25.80 and last traded at GBX 24.66, with a volume of 1656407 shares. The stock had previously closed at GBX 20.70.

Hardide Stock Performance

The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46. The firm has a 50 day moving average price of GBX 15.60 and a two-hundred day moving average price of GBX 10.40. The company has a market capitalization of £19.44 million, a P/E ratio of -61.65 and a beta of 0.86.

Hardide (LON:HDD) last announced its quarterly earnings results on Thursday, January 22nd. The company reported GBX 0.20 EPS for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. On average, research analysts expect that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

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. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments.