Hardide (LON:HDD) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Hardide plc (LON:HDD) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 60.52 and traded as high as GBX 74. Hardide shares last traded at GBX 72.70, with a volume of 126,293 shares changing hands.

Hardide Price Performance

The stock has a 50-day simple moving average of GBX 60.52 and a 200 day simple moving average of GBX 39.01. The company has a debt-to-equity ratio of 42.96, a quick ratio of 1.77 and a current ratio of 2.46. The company has a market cap of £57.30 million, a P/E ratio of 40.39 and a beta of 1.11.

Hardide (LON:HDD) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX 1.60 earnings per share (EPS) for the quarter. The business had revenue of GBX 479 million for the quarter. Hardide had a return on equity of 32.49% and a net margin of 15.60%. On average, equities analysts expect that Hardide plc will post -2.0999999 EPS for the current 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.