Headlam Group (LON:HEAD) Stock Price Down 10.8% – What’s Next?

Shares of Headlam Group plc (LON:HEAD) were down 10.8% during mid-day trading on Thursday . The company traded as low as GBX 9.24 and last traded at GBX 9.32. Approximately 987,390 shares changed hands during trading, a decline of 25% from the average session volume of 1,321,895 shares. The stock had previously closed at GBX 10.45.

Headlam Group Stock Up 12.7%

The business’s 50 day moving average is GBX 12.23 and its 200 day moving average is GBX 28.66. The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15. The stock has a market cap of £8.43 million, a price-to-earnings ratio of -0.10 and a beta of 0.77.

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.