Hardide (LON:HDD) Hits New 1-Year High – Still a Buy?

Hardide plc (LON:HDD)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 64 and last traded at GBX 60, with a volume of 2027161 shares trading hands. The stock had previously closed at GBX 51.

Hardide Stock Performance

The stock has a market capitalization of £51.46 million, a PE ratio of 326.50 and a beta of 0.97. The stock has a fifty day moving average of GBX 36.60 and a 200-day moving average of GBX 25.24. The company has a quick ratio of 1.77, a current ratio of 2.46 and a debt-to-equity ratio of 42.96.

Hardide (LON:HDD) last released its earnings results on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 479 million during the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%. Equities analysts anticipate that Hardide plc will post -2.0999999 earnings per share 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.