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

Headlam Group plc (LON:HEADGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 51.46 and traded as low as GBX 42.10. Headlam Group shares last traded at GBX 42.45, with a volume of 59,880 shares changing hands.

Headlam Group Price Performance

The stock’s 50-day moving average is GBX 43.69 and its 200 day moving average is GBX 51.46. The company has a debt-to-equity ratio of 66.36, a quick ratio of 0.72 and a current ratio of 1.26. The stock has a market capitalization of £34.07 million, a PE ratio of -0.75 and a beta of 0.86.

Headlam Group Company Profile

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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.

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