Headlam Group (LON:HEAD) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Headlam Group plc (LON:HEAD)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 115.04 ($1.54) and traded as low as GBX 92.93 ($1.24). Headlam Group shares last traded at GBX 93.80 ($1.26), with a volume of 49,283 shares traded.

Headlam Group Stock Performance

The company has a market cap of £76.38 million, a PE ratio of -6.26 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. The stock’s 50-day simple moving average is GBX 88.37 and its 200 day simple moving average is GBX 115.04.

Headlam Group (LON:HEAD) last posted its quarterly earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.47)) earnings per share for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. As a group, equities analysts anticipate that Headlam Group plc will post 7.3753605 EPS for the current year.

Insider Transactions at Headlam Group

In related news, insider Jemima Bird purchased 12,117 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of GBX 82 ($1.10) per share, with a total value of £9,935.94 ($13,306.47). Also, insider Robin George Williams purchased 5,280 shares of the stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of GBX 96 ($1.29) per share, for a total transaction of £5,068.80 ($6,788.27). 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.