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

Hardide plc (LON:HDD)’s share price traded up 11.2% during trading on Tuesday . The company traded as high as GBX 91.16 and last traded at GBX 91.16. Approximately 592,494 shares changed hands during mid-day 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 capitalization of £71.29 million, a price-to-earnings ratio of 50.25 and a beta of 1.16. The company has a debt-to-equity ratio of 42.96, a current ratio of 2.46 and a quick ratio of 1.77. The company’s 50-day moving average price is GBX 81.77 and its two-hundred day moving average price is GBX 52.44.

Hardide (LON:HDD) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 earnings per share for the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%.The firm had revenue of GBX 479 million during the quarter. On average, equities research 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.