Headlam Group (LON:HEAD) Reaches New 12-Month Low – Should You Sell?

Headlam Group plc (LON:HEAD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 44.40 and last traded at GBX 44.40, with a volume of 136995 shares traded. The stock had previously closed at GBX 47.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt decreased their price objective on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 100.

Headlam Group Price Performance

The stock has a market cap of £35.63 million, a PE ratio of -0.78 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 fifty day moving average is GBX 50.87 and its 200 day moving average is GBX 63.15.

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.