Headlam Group (LON:HEAD) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Headlam Group plc (LON:HEAD) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 69.38 and traded as low as GBX 49.80. Headlam Group shares last traded at GBX 51, with a volume of 79,814 shares traded.

Wall Street Analyst Weigh In

Separately, Peel Hunt reduced their target price on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Headlam Group has a consensus rating of “Hold” and an average target price of GBX 100.

Headlam Group Trading Down 1.1%

The business’s fifty day moving average price is GBX 52.43 and its 200 day moving average price is GBX 69.38. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £40.24 million, a PE ratio of -0.88 and a beta of 1.42.

Headlam Group (LON:HEAD) last announced its earnings results on Tuesday, September 16th. The company reported GBX (19) earnings per share (EPS) for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. As a group, analysts expect that Headlam Group plc will post 7.3753605 EPS for the current fiscal year.

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.