Headlam Group (LON:HEAD) Stock Price Down 9.2% – Here’s What Happened

Headlam Group plc (LON:HEAD)’s stock price traded down 9.2% during trading on Monday . The company traded as low as GBX 8.40 and last traded at GBX 8.90. Approximately 2,385,593 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 1,308,623 shares. The stock had previously closed at GBX 9.80.

Headlam Group Price Performance

The firm has a fifty day moving average price of GBX 14.35 and a two-hundred day moving average price of GBX 30.48. The stock has a market capitalization of £7.04 million, a P/E ratio of -0.09 and a beta of 0.84. The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15.

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.