Headlam Group (LON:HEAD) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Headlam Group plc (LON:HEAD) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 77.18 and traded as low as GBX 52. Headlam Group shares last traded at GBX 56.60, with a volume of 681,814 shares.

Headlam Group Stock Down 14.8%

The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £38.72 million, a price-to-earnings ratio of -0.85 and a beta of 1.42. The stock has a 50 day moving average of GBX 58.02 and a 200 day moving average of GBX 77.18.

Headlam Group (LON:HEAD) last released its earnings results on Tuesday, September 16th. The company reported GBX (19) earnings per share for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. As a group, analysts expect that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

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.