Headlam Group (LON:HEAD) Shares Down 10.1% – Here’s What Happened

Headlam Group plc (LON:HEAD)’s stock price fell 10.1% during mid-day trading on Monday . The stock traded as low as GBX 9.30 and last traded at GBX 11.15. 4,721,486 shares changed hands during mid-day trading, an increase of 263% from the average session volume of 1,300,642 shares. The stock had previously closed at GBX 12.40.

Headlam Group Trading Down 10.1%

The business’s 50-day moving average price is GBX 17.19 and its 200 day moving average price is GBX 32.19. The company has a debt-to-equity ratio of 114.27, a current ratio of 1.15 and a quick ratio of 0.72. The firm has a market capitalization of £8.95 million, a price-to-earnings ratio of -0.11 and a beta of 0.84.

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.