Hardide (LON:HDD) Trading Up 27.4% – Here’s What Happened

Hardide plc (LON:HDDGet Free Report)’s share price traded up 27.4% during mid-day trading on Monday . The company traded as high as GBX 9.49 and last traded at GBX 8.57. 1,067,592 shares changed hands during trading, an increase of 719% from the average session volume of 130,350 shares. The stock had previously closed at GBX 6.72.

Hardide Stock Up 27.4%

The stock has a market capitalization of £6.75 million, a PE ratio of -21.41 and a beta of 0.86. The firm’s fifty day moving average is GBX 7.32 and its 200-day moving average is GBX 7.70. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15.

Insider Activity

In other Hardide news, insider Andrew Magson bought 185,185 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was acquired at an average cost of GBX 8 per share, with a total value of £14,814.80. Company insiders own 65.46% of the company’s stock.

About Hardide

(Get Free Report)

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.

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