Hardide (LON:HDD) Reaches New 1-Year High – Here’s What Happened

Shares of Hardide plc (LON:HDD) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 74.74 and last traded at GBX 74, with a volume of 1212268 shares trading hands. The stock had previously closed at GBX 68.

Hardide Stock Performance

The company has a market cap of £60.69 million, a P/E ratio of 42.78 and a beta of 1.12. The company has a current ratio of 2.46, a quick ratio of 1.77 and a debt-to-equity ratio of 42.96. The business has a 50 day moving average price of GBX 46.88 and a 200-day moving average price of GBX 31.47.

Hardide (LON:HDD) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 EPS for the quarter. The company had revenue of GBX 479 million during the quarter. Hardide had a net margin of 15.60% and a return on equity of 32.49%. Analysts forecast that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

Hardide Company Profile

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.