Hardide (LON:HDD) Shares Down 6.9% – What’s Next?

Shares of Hardide plc (LON:HDD) fell 6.9% during mid-day trading on Tuesday . The stock traded as low as GBX 88.15 and last traded at GBX 91.75. Approximately 1,447,487 shares traded hands during mid-day trading, an increase of 243% from the average daily volume of 421,456 shares. The stock had previously closed at GBX 98.50.

Hardide Trading Down 6.9%

The company has a 50 day simple moving average of GBX 78.51 and a 200 day simple moving average of GBX 48.95. 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 has a market capitalization of £72.31 million, a PE ratio of 50.97 and a beta of 1.16.

Hardide (LON:HDD) last released its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share for the quarter. The business 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%. Analysts anticipate that Hardide plc will post -2.0999999 earnings per share for the current 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.