Hardide (LON:HDD) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Hardide plc (LON:HDD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.62 ($0.07) and traded as high as GBX 5.94 ($0.08). Hardide shares last traded at GBX 5.94 ($0.08), with a volume of 170,584 shares changing hands.

Hardide Stock Performance

The company has a debt-to-equity ratio of 69.15, a quick ratio of 1.77 and a current ratio of 1.46. The company has a market capitalization of £4.68 million, a price-to-earnings ratio of -2.48 and a beta of 0.86. The firm has a 50-day simple moving average of GBX 6.13 and a two-hundred day simple moving average of GBX 5.62.

Hardide (LON:HDD) last announced its earnings results on Wednesday, January 29th. The company reported GBX (1.90) (($0.03)) earnings per share for the quarter. Hardide had a negative return on equity of 34.98% and a negative net margin of 30.89%. On average, sell-side analysts anticipate that Hardide plc will post -2.0999999 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew Magson bought 159,172 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £9,550.32 ($12,698.21). Insiders own 45.00% of the company’s stock.

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.