Headlam Group (LON:HEAD) Shares Pass Below 200-Day Moving Average of $331.13

Shares of Headlam Group plc (LON:HEADGet Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 331.13 ($4.00) and traded as low as GBX 271 ($3.27). Headlam Group shares last traded at GBX 271 ($3.27), with a volume of 57,108 shares.

Headlam Group Trading Down 6.6 %

The company has a current ratio of 1.60, a quick ratio of 0.89 and a debt-to-equity ratio of 18.74. The company’s fifty day moving average is GBX 293.12 and its 200-day moving average is GBX 331.13. The firm has a market capitalization of £227.78 million and a P/E ratio of 1,178.26.

Headlam Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be paid a dividend of GBX 6.20 ($0.07) per share. This represents a yield of 2.36%. The ex-dividend date of this dividend is Thursday, October 27th. Headlam Group’s payout ratio is currently 33.91%.

Insider Activity at Headlam Group

In other Headlam Group news, insider Simon King acquired 10,661 shares of the company’s stock in a transaction dated Wednesday, July 13th. The stock was bought at an average price of GBX 280 ($3.38) per share, for a total transaction of £29,850.80 ($36,069.12).

Headlam Group Company Profile

(Get Rating)

Headlam Group plc, together with its subsidiaries, sells, markets, supplies, and distributes floorcovering and other ancillary products in the United Kingdom and Continental Europe. The company offers its products to residential and commercial sector, such as independent retailers and flooring contractors, as well as other groups, including larger retailers, housebuilders, specifiers, and local contractors.

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