Headlam Group (LON:HEAD) Stock Price Up 12.7% – Here’s What Happened

Shares of Headlam Group plc (LON:HEADGet Free Report) were up 12.7% during trading on Friday . The company traded as high as GBX 9.22 and last traded at GBX 8.90. 2,324,960 shares traded hands during trading, an increase of 77% from the average daily volume of 1,316,963 shares. The stock had previously closed at GBX 7.90.

Headlam Group Stock Performance

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 stock has a market capitalization of £7.15 million, a price-to-earnings ratio of -0.09 and a beta of 0.77. The company’s 50-day simple moving average is GBX 13.65 and its 200-day simple moving average is GBX 29.97.

About Headlam Group

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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.

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