Hardide (LON:HDD) Reaches New 1-Year High – Time to Buy?

Hardide plc (LON:HDDGet Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 74.74 and last traded at GBX 74, with a volume of 1212268 shares trading hands. The stock had previously closed at GBX 68.

Hardide Stock Up 8.8%

The company has a debt-to-equity ratio of 42.96, a quick ratio of 1.77 and a current ratio of 2.46. The company’s fifty day moving average price is GBX 45.11 and its 200-day moving average price is GBX 30.51. The stock has a market cap of £58.32 million, a P/E ratio of 41.11 and a beta of 1.12.

Hardide (LON:HDDGet Free Report) last issued its quarterly earnings results 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 net margin of 15.60% and a return on equity of 32.49%. Equities analysts forecast that Hardide plc will post -2.0999999 EPS for the current year.

About Hardide

(Get Free Report)

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.

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