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

Hardide plc (LON:HDD)’s share price 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.

Hardide Stock Down 3.8 %

The stock’s fifty day simple moving average is GBX 6.35 and its 200-day simple moving average is GBX 5.66. The stock 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 quick ratio of 1.77 and a current ratio of 1.46.

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

Insider Activity at Hardide

In other Hardide news, insider Andrew Magson bought 159,172 shares of the stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £9,550.32 ($12,401.40). 45.00% of the stock is owned by 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.