Hardide (LON:HDD) Reaches New 1-Year High – Time to Buy?

Hardide plc (LON:HDD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 74.74 and last traded at GBX 74, with a volume of 1212268 shares. The stock had previously closed at GBX 68.

Hardide Stock Up 8.8%

The company has a debt-to-equity ratio of 42.96, a quick ratio of 1.77 and a current ratio of 2.46. The firm has a market capitalization of £58.32 million, a PE ratio of 41.11 and a beta of 1.12. The company has a fifty day moving average price of GBX 45.11 and a 200-day moving average price of GBX 30.51.

Hardide (LON:HDD) last posted its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share for the quarter. The firm had revenue of GBX 479 million during the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. As a group, analysts expect 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.