Halfords Group (LON:HFD) Stock Price Up 17.5% – Here’s Why

Halfords Group plc (LON:HFD) shares rose 17.5% on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 148 ($1.84). Approximately 9,295,694 shares changed hands during trading, an increase of 678% from the average daily volume of 1,194,775 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Stock Up 13.5 %

The stock has a market capitalization of £312.35 million, a price-to-earnings ratio of 1,100.00, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The business’s 50-day moving average is GBX 134.89 and its two-hundred day moving average is GBX 143.49. The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 59.34.

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

Halfords Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 12th were paid a dividend of GBX 3 ($0.04) per share. This represents a yield of 2.32%. The ex-dividend date was Thursday, December 12th. Halfords Group’s dividend payout ratio (DPR) is presently 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.