Headlam Group (LON:HEAD) Shares Pass Below 200-Day Moving Average – Time to Sell?

Headlam Group plc (LON:HEAD) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 78.42 ($1.05) and traded as low as GBX 51.40 ($0.69). Headlam Group shares last traded at GBX 53.45 ($0.71), with a volume of 482,092 shares trading hands.

Headlam Group Stock Performance

The stock has a fifty day moving average price of GBX 60.69 and a two-hundred day moving average price of GBX 78.42. The company has a market cap of £42.90 million, a P/E ratio of -0.94 and a beta of 1.42. The company has a debt-to-equity ratio of 46.58, a current ratio of 1.29 and a quick ratio of 0.72.

Headlam Group (LON:HEAD) last released its quarterly earnings results on Tuesday, September 16th. The company reported GBX (19) earnings per share for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. On average, equities analysts forecast that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

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.