Hardide (LON:HDD) Shares Up 7.8% – Still a Buy?

Hardide plc (LON:HDDGet Free Report) shares shot up 7.8% on Tuesday . The company traded as high as GBX 4.69 ($0.06) and last traded at GBX 4.69 ($0.06). 238,768 shares changed hands during mid-day trading, an increase of 84% from the average session volume of 129,805 shares. The stock had previously closed at GBX 4.35 ($0.06).

Hardide Price Performance

The business’s 50 day moving average is GBX 5.29 and its two-hundred day moving average is GBX 6.38. The firm has a market capitalization of £3.81 million, a PE ratio of -166.50 and a beta of 0.86. The company has a debt-to-equity ratio of 69.15, a current ratio of 1.46 and a quick ratio of 1.77.

Hardide Company Profile

(Get Free Report)

Hardide plc engages in the manufacturing and sale of advanced tungsten carbide/tungsten metal matrix composite coatings in the United Kingdom, Europe, North America, and internationally. Its products are used in various industries, including energy, oil and gas, power generation, industrial, aerospace, flow control, and precision engineering.

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