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

Headlam Group plc (LON:HEAD)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 138.18 ($1.71) and traded as low as GBX 124 ($1.53). Headlam Group shares last traded at GBX 128.28 ($1.59), with a volume of 37,950 shares changing hands.

Headlam Group Stock Performance

The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The company has a market cap of £100.58 million, a P/E ratio of -830.00 and a beta of 1.42. The stock’s fifty day moving average price is GBX 134.81 and its two-hundred day moving average price is GBX 138.18.

Insiders Place Their Bets

In other Headlam Group news, insider Jemima Bird bought 7,677 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were purchased at an average price of GBX 147 ($1.82) per share, for a total transaction of £11,285.19 ($13,946.11). Corporate insiders own 4.26% of the company’s stock.

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.