Hardide (LON:HDD) Shares Up 11.6% – Still a Buy?

Hardide plc (LON:HDD)’s stock price shot up 11.6% during trading on Monday . The stock traded as high as GBX 16.95 and last traded at GBX 16.33. 398,414 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 187,223 shares. The stock had previously closed at GBX 14.63.

Hardide Trading Up 3.1%

The company has a market capitalization of £14.42 million, a P/E ratio of -45.75 and a beta of 0.86. 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 business’s 50-day moving average price is GBX 9.61 and its two-hundred day moving average price is GBX 8.47.

Insider Activity

In other Hardide news, insider Andrew Magson acquired 185,185 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average cost of GBX 8 per share, for a total transaction of £14,814.80. Corporate insiders own 65.46% of the company’s stock.

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.