Headlam Group (LON:HEAD) Trading Down 9.9% – Time to Sell?

Headlam Group plc (LON:HEADGet Free Report)’s share price dropped 9.9% during mid-day trading on Monday . The company traded as low as GBX 5.43 and last traded at GBX 5.80. 4,979,115 shares traded hands during trading, an increase of 404% from the average daily volume of 986,992 shares. The stock had previously closed at GBX 6.44.

Headlam Group Price Performance

The company’s 50-day simple moving average is GBX 23.49 and its 200 day simple moving average is GBX 34.84. The company has a market cap of £4.66 million, a PE ratio of -0.06 and a beta of 0.84. The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15.

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.

Further Reading

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