Hardide (LON:HDD) Shares Down 8.4% – Here’s What Happened

Shares of Hardide plc (LON:HDDGet Free Report) fell 8.4% on Wednesday . The stock traded as low as GBX 5.05 ($0.06) and last traded at GBX 5.15 ($0.06). 122,465 shares traded hands during trading, an increase of 345% from the average session volume of 27,538 shares. The stock had previously closed at GBX 5.63 ($0.07).

Hardide Stock Performance

The company has a market capitalization of £4.04 million, a price-to-earnings ratio of -171.67 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. The company’s fifty day simple moving average is GBX 5.02 and its two-hundred day simple moving average is GBX 5.89.

Hardide Company Profile

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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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