Hardide (LON:HDD) Shares Up 30.5% – Here’s Why

Hardide plc (LON:HDDGet Free Report)’s share price rose 30.5% during mid-day trading on Wednesday . The company traded as high as GBX 6.50 ($0.08) and last traded at GBX 6.20 ($0.08). Approximately 329,967 shares changed hands during trading, an increase of 163% from the average daily volume of 125,343 shares. The stock had previously closed at GBX 4.75 ($0.06).

Hardide Price Performance

The business has a fifty day moving average price of GBX 4.95 and a 200 day moving average price of GBX 6.19. 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 capitalization of £4.90 million, a price-to-earnings ratio of -151.67 and a beta of 0.86.

Hardide Company Profile

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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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