Headlam Group (LON:HEAD) Stock Price Up 15.3% – What’s Next?

Headlam Group plc (LON:HEAD) shot up 15.3% during mid-day trading on Wednesday . The company traded as high as GBX 6.04 and last traded at GBX 6.04. Approximately 1,842,660 shares were traded during trading, an increase of 77% from the average daily volume of 1,040,604 shares. The stock had previously closed at GBX 5.24.

Headlam Group Trading Up 15.3%

The company has a market capitalization of £4.85 million, a price-to-earnings ratio of -0.06 and a beta of 0.84. The firm has a 50-day moving average price of GBX 22.26 and a 200-day moving average price of GBX 34.26. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27.

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.