Headlam Group (LON:HEAD) Shares Pass Below 200 Day Moving Average – Here’s Why

Headlam Group plc (LON:HEAD) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 107.23 ($1.47) and traded as low as GBX 86.40 ($1.19). Headlam Group shares last traded at GBX 88 ($1.21), with a volume of 27,546 shares changing hands.

Headlam Group Stock Performance

The stock has a market capitalization of £70.09 million, a PE ratio of -5.74 and a beta of 1.42. The business’s fifty day moving average is GBX 91.61 and its two-hundred day moving average is GBX 107.23. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58.

Insider Activity

In other news, insider Karen Hubbard bought 8,300 shares of Headlam Group stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average price of GBX 88 ($1.21) per share, with a total value of £7,304 ($10,037.10). Also, insider Jemima Bird bought 12,117 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of GBX 82 ($1.13) per share, for a total transaction of £9,935.94 ($13,653.90). 4.26% of the stock is currently owned by corporate insiders.

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.