FinnCap Lowers Hardide (HDD) Price Target to GBX 2

Hardide (LON:HDD) had its price objective lowered by investment analysts at FinnCap from GBX 2.10 ($0.03) to GBX 2 ($0.03) in a research report issued on Monday. The brokerage currently has a “corporate” rating on the stock. FinnCap’s price target points to a potential upside of 19.76% from the stock’s previous close.

Shares of Hardide (HDD) opened at GBX 1.67 ($0.02) on Monday. Hardide has a 12 month low of GBX 0.86 ($0.01) and a 12 month high of GBX 2.27 ($0.03).

Hardide (LON:HDD) last released its quarterly earnings data on Monday, December 11th. The company reported GBX (0.10) ($0.00) earnings per share for the quarter, meeting analysts’ consensus estimates of GBX (0.10) ($0.00). The business had revenue of GBX 324 million during the quarter. Hardide had a negative net margin of 23.82% and a negative return on equity of 23.23%.

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Hardide Company Profile

Hardide plc is a United Kingdom-based company, which is a provider of tungsten carbide coatings for critical metal components in abrasive, erosive, corrosive and chemically aggressive environments. The Company’s segments include UK operation, US operation and Corporate. It offers a family of nanostructured and low temperature chemical vapor deposition (CVD) coatings, which provide wear and corrosion resistance.

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