Hardide (LON:HDD) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Hardide plc (LON:HDD) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.66 ($0.07) and traded as high as GBX 6.25 ($0.08). Hardide shares last traded at GBX 6.02 ($0.08), with a volume of 5,974 shares trading hands.

Hardide Stock Down 4.3 %

The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46. The company’s fifty day moving average price is GBX 6.34 and its 200-day moving average price is GBX 5.66. The stock has a market cap of £4.33 million, a P/E ratio of -2.30 and a beta of 0.86.

Hardide (LON:HDD) last announced its quarterly earnings data on Wednesday, January 29th. The company reported GBX (1.90) (($0.02)) earnings per share (EPS) for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. Equities analysts forecast that Hardide plc will post -2.0999999 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrew Magson bought 159,172 shares of Hardide stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £9,550.32 ($12,319.81). 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.