Headlam Group (LON:HEAD) Reaches New 52-Week Low – Here’s What Happened

Headlam Group plc (LON:HEAD)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 24.19 and last traded at GBX 26, with a volume of 1610796 shares traded. The stock had previously closed at GBX 28.10.

Headlam Group Stock Down 4.0%

The company has a debt-to-equity ratio of 114.27, a current ratio of 1.15 and a quick ratio of 0.72. The business has a 50 day simple moving average of GBX 35.79 and a 200 day simple moving average of GBX 42.23. The company has a market capitalization of £19.35 million, a price-to-earnings ratio of -0.24 and a beta of 0.82.

Headlam Group (LON:HEAD) last released its quarterly earnings results on Wednesday, March 25th. The company reported GBX (44.10) EPS for the quarter. Headlam Group had a negative return on equity of 61.90% and a negative net margin of 16.42%. As a group, equities analysts predict that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

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.