Hardide (LON:HDD) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Hardide plc (LON:HDD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.22 and traded as high as GBX 16.45. Hardide shares last traded at GBX 15.89, with a volume of 277,857 shares changing hands.

Hardide Stock Down 2.2%

The firm’s 50-day moving average price is GBX 15.13 and its 200-day moving average price is GBX 10.22. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77. The company has a market cap of £12.52 million, a price-to-earnings ratio of -39.73 and a beta of 0.86.

Hardide (LON:HDD) last posted its earnings results on Thursday, January 22nd. The company reported GBX 0.20 earnings per share for the quarter. Hardide had a negative net margin of 30.89% and a negative return on equity of 34.98%. Sell-side analysts forecast that Hardide plc will post -2.0999999 earnings per share for the current fiscal year.

About Hardide

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.