Headlam Group (LON:HEAD) Trading Up 10.3% – What’s Next?

Headlam Group plc (LON:HEAD) was up 10.3% during trading on Thursday . The stock traded as high as GBX 33.99 and last traded at GBX 33.10. Approximately 1,591,890 shares traded hands during trading, an increase of 337% from the average daily volume of 363,994 shares. The stock had previously closed at GBX 30.

Headlam Group Stock Up 13.5%

The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The company has a market cap of £33.72 million, a price-to-earnings ratio of -0.41 and a beta of 0.82. The firm’s fifty day simple moving average is GBX 38.26 and its 200 day simple moving average is GBX 44.20.

Headlam Group (LON:HEAD) last posted its quarterly earnings results on Wednesday, March 25th. The company reported GBX (44.10) EPS for the quarter. Headlam Group had a negative return on equity of 61.90% and a negative net margin of 16.42%. Sell-side analysts predict that Headlam Group plc will post 7.3753605 earnings per share for the current 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.