Halfords Group (LON:HFD) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Halfords Group plc (LON:HFD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 136.89 ($1.83) and traded as high as GBX 153.20 ($2.04). Halfords Group shares last traded at GBX 150.99 ($2.01), with a volume of 1,006,957 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on Halfords Group from GBX 142 ($1.89) to GBX 151 ($2.01) and gave the company a “hold” rating in a research report on Thursday, April 17th.

Halfords Group Price Performance

The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The stock has a market capitalization of £327.70 million, a PE ratio of 22.81, a P/E/G ratio of 2.80 and a beta of 1.62. The firm’s 50 day simple moving average is GBX 127.73 and its 200 day simple moving average is GBX 136.89.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.