Headlam Group (LON:HEAD) Shares Up 12.7% – Time to Buy?

Headlam Group plc (LON:HEAD) traded up 12.7% during trading on Friday . The company traded as high as GBX 10.76 and last traded at GBX 10.50. 302,837 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,315,756 shares. The stock had previously closed at GBX 9.32.

Headlam Group Stock Performance

The company has a quick ratio of 0.72, a current ratio of 1.15 and a debt-to-equity ratio of 114.27. The stock has a market cap of £8.43 million, a P/E ratio of -0.10 and a beta of 0.77. The stock has a fifty day simple moving average of GBX 12.42 and a 200-day simple moving average of GBX 28.79.

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.