Hardide (LON:HDD) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Hardide plc (LON:HDDGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.92 ($0.07) and traded as low as GBX 5.30 ($0.06). Hardide shares last traded at GBX 5.30 ($0.06), with a volume of 62,000 shares changing hands.

Hardide Trading Down 5.8 %

The company’s 50 day simple moving average is GBX 5 and its two-hundred day simple moving average is GBX 5.89. The company has a market cap of £4.16 million, a PE ratio of -176.67 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.

About Hardide

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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.

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