Hardide (LON:HDD) Posts Earnings Results

Hardide (LON:HDD) issued its earnings results on Thursday. The company reported GBX 1.60 EPS for the quarter, Digital Look Earnings reports. Hardide had a return on equity of 5.59% and a net margin of 3.49%.The company had revenue of GBX 479 million during the quarter.

Hardide Stock Up 5.7%

Shares of LON:HDD opened at GBX 40.70 on Thursday. The company has a debt-to-equity ratio of 105.54, a quick ratio of 1.77 and a current ratio of 1.65. Hardide has a 52-week low of GBX 6.25 and a 52-week high of GBX 43.10. The business’s 50 day simple moving average is GBX 34.50 and its two-hundred day simple moving average is GBX 23.35. The firm has a market cap of £32.08 million, a P/E ratio of 203.50 and a beta of 0.97.

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.