Hardide (LON:HDD) Trading 23.7% Higher – Here’s What Happened

Hardide plc (LON:HDD) shares were up 23.7% during trading on Monday . The company traded as high as GBX 6.95 ($0.09) and last traded at GBX 6.95 ($0.09). Approximately 478,301 shares changed hands during trading, an increase of 437% from the average daily volume of 89,103 shares. The stock had previously closed at GBX 5.62 ($0.07).

Hardide Price Performance

The company has a market cap of £5.34 million, a price-to-earnings ratio of -226.67 and a beta of 0.86. The company has a fifty day simple moving average of GBX 5.42 and a two-hundred day simple moving average of GBX 5.68. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15.

Hardide (LON:HDD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported GBX (1.90) (($0.02)) EPS for the quarter. Hardide had a negative net margin of 30.89% and a negative return on equity of 32.89%. On average, equities research analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

Insider Transactions at Hardide

In related news, insider Andrew Magson acquired 159,172 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of GBX 6 ($0.07) per share, with a total value of £9,550.32 ($11,920.02). Corporate insiders own 45.00% of the company’s stock.

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.