Headlam Group (LON:HEAD) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Headlam Group plc (LON:HEAD)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 138.78 ($1.71) and traded as low as GBX 132.50 ($1.64). Headlam Group shares last traded at GBX 138.50 ($1.71), with a volume of 49,910 shares changing hands.

Headlam Group Trading Up 1.1 %

The firm has a market cap of £111.89 million, a P/E ratio of -923.33 and a beta of 1.42. The company’s fifty day moving average price is GBX 135.20 and its two-hundred day moving average price is GBX 138.78. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58.

Insider Transactions at Headlam Group

In other Headlam Group news, insider Jemima Bird purchased 7,677 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of GBX 147 ($1.82) per share, with a total value of £11,285.19 ($13,939.22). Company insiders own 4.26% of the company’s stock.

About Headlam Group

Headlam is the UK’s leading floorcovering distributor. Operating for over 30 years, the Company has expanded to a network of c. 2,030 people, 17 distribution branches, and 76 trade counters.

The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a highly effective route to market, selling their products to the large and diverse trade customer base.

The Company has an extensive customer base spanning independent and multiple retailers, small and large contractors, and house builders.