Hardide (LON:HDD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Hardide plc (LON:HDD)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5.64 ($0.07) and traded as high as GBX 5.92 ($0.08). Hardide shares last traded at GBX 5.92 ($0.08), with a volume of 64,225 shares.

Hardide Stock Up 1.2 %

The stock’s fifty day moving average is GBX 6.10 and its two-hundred day moving average is GBX 5.64. The company has a current ratio of 1.46, a quick ratio of 1.77 and a debt-to-equity ratio of 69.15. The firm has a market cap of £4.67 million, a P/E ratio of -2.47 and a beta of 0.86.

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

Insiders Place Their Bets

In related news, insider Andrew Magson purchased 159,172 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £9,550.32 ($12,340.51). Corporate 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.