Headlam Group (LON:HEAD) Sets New 1-Year Low – Here’s Why

Headlam Group plc (LON:HEAD)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 117.74 ($1.48) and last traded at GBX 118 ($1.48), with a volume of 9811 shares changing hands. The stock had previously closed at GBX 118 ($1.48).

Headlam Group Price Performance

The firm has a 50 day moving average price of GBX 134.09 and a two-hundred day moving average price of GBX 137.45. The company has a market cap of £93.98 million, a P/E ratio of -7.70 and a beta of 1.42. The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29.

Insider Activity

In related news, insider Jemima Bird acquired 7,677 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of GBX 147 ($1.85) per share, with a total value of £11,285.19 ($14,196.99). Insiders own 4.26% of the company’s stock.

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.