Hardide (LON:HDD) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Hardide plc (LON:HDD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5.66 ($0.07) and traded as high as GBX 6.25 ($0.08). Hardide shares last traded at GBX 6.02 ($0.08), with a volume of 5,974 shares changing hands.

Hardide Stock Performance

The stock’s 50-day moving average price is GBX 6.35 and its 200 day moving average price is GBX 5.66. The firm has a market cap of £4.74 million, a P/E ratio of -2.51 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.

Hardide (LON:HDD) last issued its quarterly earnings results on Wednesday, January 29th. The company reported GBX (1.90) (($0.02)) EPS for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. As a group, equities analysts predict that Hardide plc will post -2.0999999 EPS for the current year.

Insider Activity at Hardide

In other news, insider Andrew Magson bought 159,172 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 6 ($0.08) per share, for a total transaction of £9,550.32 ($12,401.40). Insiders own 45.00% 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.