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

Headlam Group plc (LON:HEAD) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 50.33 and traded as low as GBX 44.60. Headlam Group shares last traded at GBX 44.60, with a volume of 83,963 shares traded.

Headlam Group Trading Up 3.2%

The company has a debt-to-equity ratio of 66.36, a current ratio of 1.26 and a quick ratio of 0.72. The company has a market capitalization of £35.80 million, a price-to-earnings ratio of -0.78 and a beta of 0.86. The business’s 50-day moving average price is GBX 43.35 and its two-hundred day moving average price is GBX 50.33.

Headlam Group Company Profile

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.