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

Headlam Group plc (LON:HEAD)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 138.78 ($1.73) and traded as low as GBX 132.50 ($1.65). Headlam Group shares last traded at GBX 138.50 ($1.73), with a volume of 49,910 shares trading hands.

Headlam Group Stock Down 1.1 %

The stock has a 50 day moving average price of GBX 135.33 and a 200 day moving average price of GBX 138.79. 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 capitalization of £110.68 million, a P/E ratio of -913.33 and a beta of 1.42.

Insider Buying and Selling

In other news, insider Jemima Bird acquired 7,677 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of GBX 147 ($1.84) per share, with a total value of £11,285.19 ($14,090.64). 4.26% of the stock is currently owned by corporate insiders.

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.