Headlam Group (LON:HEAD) Hits New 12-Month Low – Here’s Why

Shares of Headlam Group plc (LON:HEAD) hit a new 52-week low on Tuesday . The stock traded as low as GBX 103.93 ($1.34) and last traded at GBX 104.73 ($1.35), with a volume of 220066 shares. The stock had previously closed at GBX 110 ($1.42).

Headlam Group Stock Performance

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 firm has a market cap of £83.41 million, a P/E ratio of -6.83 and a beta of 1.42. The business has a fifty day simple moving average of GBX 127.89 and a 200-day simple moving average of GBX 133.93.

Headlam Group (LON:HEAD) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.45)) earnings per share (EPS) for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. On average, sell-side analysts predict that Headlam Group plc will post 7.3753605 EPS for the current fiscal year.

Insider Transactions at Headlam Group

In other news, insider Jemima Bird bought 7,677 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of GBX 147 ($1.89) per share, for a total transaction of £11,285.19 ($14,529.66). 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.