Headlam Group (LON:HEAD) Hits New 52-Week Low – Here’s What Happened

Headlam Group plc (LON:HEAD) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 120.50 ($1.51) and last traded at GBX 128 ($1.60), with a volume of 96809 shares traded. The stock had previously closed at GBX 130 ($1.63).

Headlam Group Price Performance

The firm has a market cap of £104.22 million, a price-to-earnings ratio of -860.00 and a beta of 1.42. 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 company’s 50-day moving average price is GBX 135.08 and its 200-day moving average price is GBX 138.50.

Insider Transactions at Headlam Group

In other news, insider Jemima Bird bought 7,677 shares of Headlam Group stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of GBX 147 ($1.84) per share, with a total value of £11,285.19 ($14,108.25). Corporate insiders own 4.26% of the company’s stock.

Headlam Group Company Profile

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.