Hardide (LON:HDD) Trading Down 8.7% – What’s Next?

Hardide plc (LON:HDD)’s stock price dropped 8.7% on Tuesday . The company traded as low as GBX 17.01 and last traded at GBX 17.80. Approximately 503,338 shares traded hands during mid-day trading, an increase of 161% from the average daily volume of 192,937 shares. The stock had previously closed at GBX 19.50.

Hardide Trading Down 8.7%

The stock has a market capitalization of £14.03 million, a PE ratio of -44.50 and a beta of 0.86. The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46. The stock has a 50-day moving average price of GBX 10.50 and a two-hundred day moving average price of GBX 8.77.

Insider Transactions at Hardide

In other Hardide news, insider Andrew Magson bought 185,185 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were purchased at an average price of GBX 8 per share, with a total value of £14,814.80. 65.46% of the stock is currently owned by company insiders.

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.