Headlam Group (LON:HEAD) Shares Up 15.3% – Here’s What Happened

Headlam Group plc (LON:HEADGet Free Report)’s stock price was up 15.3% during mid-day trading on Wednesday . The company traded as high as GBX 6.04 and last traded at GBX 6.04. 1,842,660 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 1,040,604 shares. The stock had previously closed at GBX 5.24.

Headlam Group Stock Up 17.1%

The firm has a fifty day moving average of GBX 21.14 and a 200-day moving average of GBX 33.68. 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 firm has a market cap of £5.28 million, a P/E ratio of -0.06 and a beta of 0.84.

About Headlam Group

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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.

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