Hardide (LON:HDD) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Hardide plc (LON:HDD) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5.64 ($0.07) and traded as low as GBX 5.26 ($0.07). Hardide shares last traded at GBX 5.70 ($0.07), with a volume of 38,081 shares changing hands.

Hardide Price Performance

The company has a market capitalization of £4.33 million, a price-to-earnings ratio of -2.30 and a beta of 0.86. The company has a quick ratio of 1.77, a current ratio of 1.46 and a debt-to-equity ratio of 69.15. The business has a 50-day moving average price of GBX 6.28 and a two-hundred day moving average price of GBX 5.64.

Hardide (LON:HDD) last issued its 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 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 EPS for the current year.

Insiders Place Their Bets

In related news, insider Andrew Magson acquired 159,172 shares of the company’s stock in a transaction dated 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 ($12,396.57). 45.00% of the stock is currently owned by insiders.

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.