Hardide (LON:HDD) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Hardide plc (LON:HDDGet Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 7.63 and traded as low as GBX 6.25. Hardide shares last traded at GBX 7, with a volume of 494,785 shares changing hands.

Hardide Price Performance

The firm’s 50-day moving average is GBX 7.61 and its two-hundred day moving average is GBX 7.65. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77. The company has a market cap of £5.52 million, a P/E ratio of -17.50 and a beta of 0.86.

Insider Transactions at Hardide

In other news, insider Andrew Magson purchased 185,185 shares of the business’s stock in a transaction on Friday, October 24th. The shares were acquired at an average cost of GBX 8 per share, with a total value of £14,814.80. Company insiders own 65.46% of the company’s stock.

About Hardide

(Get Free Report)

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.

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