James Halstead (LON:JHD) Stock Price 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 Wednesday . The stock has a 200-day moving average of GBX 136.52 and traded as low as GBX 122. James Halstead shares last traded at GBX 123.50, with a volume of 949,219 shares.

James Halstead Stock Up 2.5%

The company’s fifty day simple moving average is GBX 129.93 and its 200 day simple moving average is GBX 136.52. The company has a quick ratio of 1.13, a current ratio of 3.77 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of £514.27 million, a PE ratio of 12.73, a price-to-earnings-growth ratio of 3.19 and a beta of 0.19.

About James Halstead

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.