Halfords Group (LON:HFD) Trading Up 13.5% – Here’s What Happened

Halfords Group plc (LON:HFD)’s share price rose 13.5% during mid-day trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 143 ($1.78). Approximately 4,323,830 shares changed hands during mid-day trading, an increase of 363% from the average daily volume of 933,098 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Stock Performance

The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The firm has a market capitalization of £312.35 million, a PE ratio of 1,100.00, a P/E/G ratio of 2.80 and a beta of 1.62. The company’s fifty day simple moving average is GBX 134.89 and its 200 day simple moving average is GBX 143.49.

Halfords Group (LON:HFD) last announced its quarterly earnings results on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) EPS for the quarter. Halfords Group had a net margin of 1.00% and a return on equity of 5.22%. As a group, equities research analysts expect that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

Halfords Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 12th were issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, December 12th. Halfords Group’s payout ratio is currently 6,153.85%.

About Halfords Group

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.