James Halstead (LON:JHD) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of James Halstead plc (LON:JHD) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 142.98 and traded as low as GBX 133. James Halstead shares last traded at GBX 135.50, with a volume of 764,354 shares trading hands.

James Halstead Stock Up 0.4%

The company has a market cap of £567.25 million, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 3.19 and a beta of 0.31. The firm’s 50 day simple moving average is GBX 136.72 and its 200 day simple moving average is GBX 142.98. The company has a quick ratio of 1.13, a current ratio of 3.34 and a debt-to-equity ratio of 3.52.

Insider Activity

In related news, insider Gordon Oliver purchased 8,500 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of GBX 136 per share, for a total transaction of £11,560. Also, insider David Drillingcourt purchased 14,753 shares of the stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of GBX 136 per share, for a total transaction of £20,064.08. Company insiders own 8.98% of the company’s stock.

James Halstead Company Profile

James Halstead (LSE: JHD) is a global manufacturer and supplier of flooring for commercial and domestic purposes. It has manufacturing operations across the United Kingdom, Europe and Scandinavia, Australasia and Asia, and Rest of the World markets and supplies to customers all around the world. The Company’s brands include Polyflor, Palettone, Camaro, Polysafe, Recofloor and Expona.

James Halstead’s strategy is to constantly develop its brand identity and its reputation for quality, product innovation, durability and availability, thereby enhancing and maintaining goodwill with the aim of achieving repeat business.