Hardide (LON:HDD) Shares Up 11.2% – Here’s What Happened

Hardide plc (LON:HDD)’s share price was up 11.2% on Tuesday . The stock traded as high as GBX 91.16 and last traded at GBX 91.16. Approximately 592,494 shares changed hands during trading, an increase of 41% from the average daily volume of 419,785 shares. The stock had previously closed at GBX 82.

Hardide Stock Performance

The company has a market cap of £71.85 million, a P/E ratio of 50.64 and a beta of 1.16. The firm has a 50 day moving average of GBX 80.69 and a 200-day moving average of GBX 51.40. The company has a quick ratio of 1.77, a current ratio of 2.46 and a debt-to-equity ratio of 42.96.

Hardide (LON:HDD) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 EPS 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, sell-side analysts anticipate 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.