Hardide (LON:HDD) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Hardide plc (LON:HDD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 44.75 and traded as high as GBX 104.20. Hardide shares last traded at GBX 101.90, with a volume of 275,596 shares changing hands.

Hardide Stock Up 2.8%

The business has a 50-day simple moving average of GBX 72.33 and a two-hundred day simple moving average of GBX 44.75. 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 company has a market capitalization of £81.86 million, a price-to-earnings ratio of 57.71 and a beta of 1.11.

Hardide (LON:HDD) last announced its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share 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 predict 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.