Headlam Group (LON:HEAD) Stock Price Up 27% – Here’s Why

Headlam Group plc (LON:HEAD)’s stock price traded up 27% on Tuesday . The company traded as high as GBX 9.40 and last traded at GBX 9.30. 6,214,113 shares changed hands during mid-day trading, an increase of 416% from the average daily volume of 1,204,500 shares. The stock had previously closed at GBX 7.32.

Headlam Group Stock Up 21.5%

The company has a market capitalization of £9.19 million, a price-to-earnings ratio of -0.11 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The firm’s 50 day simple moving average is GBX 18.35 and its 200-day simple moving average is GBX 32.66.

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.