Hardide (LON:HDD) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Hardide plc (LON:HDD)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 60.52 and traded as high as GBX 74. Hardide shares last traded at GBX 72.70, with a volume of 126,293 shares.

Hardide Stock Performance

The company has a market capitalization of £57.30 million, a price-to-earnings ratio of 40.39 and a beta of 1.11. The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77. The stock has a 50 day moving average price of GBX 60.52 and a two-hundred day moving average price of GBX 39.01.

Hardide (LON:HDD) last announced its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The company had revenue of GBX 479 million for the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. On average, analysts predict that Hardide plc will post -2.0999999 EPS 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.