Hardide (HDD) Announces Quarterly Earnings Results, Hits Expectations
Hardide (LON:HDD) posted its quarterly earnings data on Monday. The company reported GBX (0.10) ($0.00) EPS for the quarter, hitting the consensus estimate of GBX (0.10) ($0.00), Bloomberg Earnings reports. Hardide had a negative net margin of 45.27% and a negative return on equity of 33.43%. The business had revenue of £324 million for the quarter.
Shares of Hardide (LON HDD) traded up GBX 0.02 ($0.00) during trading on Wednesday, reaching GBX 1.95 ($0.03). 200,234 shares of the company were exchanged, compared to its average volume of 467,738. Hardide has a 12 month low of GBX 0.66 ($0.01) and a 12 month high of GBX 2.27 ($0.03).
Separately, FinnCap reiterated a “corporate” rating and issued a GBX 2.10 ($0.03) target price on shares of Hardide in a research note on Monday.
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Hardide Company Profile
Hardide plc is a United Kingdom-based company, which is a provider of tungsten carbide coatings for critical metal components in abrasive, erosive, corrosive and chemically aggressive environments. The Company’s segments include UK operation, US operation and Corporate. It offers a family of nanostructured and low temperature chemical vapor deposition (CVD) coatings, which provide wear and corrosion resistance.
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