Headlam Group (LON:HEAD) Trading Down 13.7% – Time to Sell?

Shares of Headlam Group plc (LON:HEAD) traded down 13.7% during trading on Thursday . The stock traded as low as GBX 33.48 and last traded at GBX 33.48. 1,034,822 shares were traded during mid-day trading, an increase of 345% from the average session volume of 232,603 shares. The stock had previously closed at GBX 38.80.

Headlam Group Stock Performance

The company has a quick ratio of 0.72, a current ratio of 1.15 and a debt-to-equity ratio of 114.27. The company has a 50 day simple moving average of GBX 37.84 and a 200-day simple moving average of GBX 45.04. The stock has a market capitalization of £28.03 million, a price-to-earnings ratio of -0.34 and a beta of 0.82.

Headlam Group (LON:HEAD) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX (44.10) earnings per share (EPS) for the quarter. Headlam Group had a negative net margin of 16.42% and a negative return on equity of 61.90%. As a group, equities research analysts expect that Headlam Group plc will post 7.3753605 EPS for the current fiscal year.

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.