Hardide (LON:HDD) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Hardide plc (LON:HDD) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 10.50 and traded as high as GBX 19.80. Hardide shares last traded at GBX 19.73, with a volume of 257,952 shares trading hands.

Hardide Stock Performance

The stock has a fifty day simple moving average of GBX 10.50 and a two-hundred day simple moving average of GBX 8.77. The stock has a market cap of £15.76 million, a price-to-earnings ratio of -50.00 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.

Insider Buying and Selling at Hardide

In other Hardide news, insider Andrew Magson bought 185,185 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were purchased at an average price of GBX 8 per share, for a total transaction of £14,814.80. 65.46% of the stock is currently owned by corporate 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. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments.