Hardide (LON:HDD) Trading Down 5.9% – Time to Sell?

Hardide plc (LON:HDD)’s stock price dropped 5.9% during trading on Thursday . The company traded as low as GBX 32.20 and last traded at GBX 34.80. Approximately 251,128 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 390,120 shares. The stock had previously closed at GBX 37.

Hardide Trading Down 13.2%

The firm has a market cap of £25.30 million, a P/E ratio of 160.53 and a beta of 0.97. The stock has a 50 day simple moving average of GBX 23.35 and a 200-day simple moving average of GBX 14.26. The company has a current ratio of 1.65, a quick ratio of 1.77 and a debt-to-equity ratio of 105.54.

Hardide (LON:HDD) last posted its earnings results on Thursday, January 22nd. The company reported GBX 0.20 EPS for the quarter. Hardide had a return on equity of 5.59% and a net margin of 3.49%. On average, equities research analysts expect that Hardide plc will post -2.0999999 EPS for the current fiscal year.

Insider Buying and Selling at Hardide

In other Hardide news, insider Matthew Hamblin bought 42,892 shares of Hardide stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average cost of GBX 23 per share, for a total transaction of £9,865.16. Also, insider Andrew Magson bought 85,106 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of GBX 23 per share, for a total transaction of £19,574.38. Insiders have acquired 213,731 shares of company stock worth $4,915,813 over the last three months. 65.74% of the stock is owned by company insiders.

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.