Headlam Group (LON:HEAD) Shares Up 15.7% – Here’s Why

Headlam Group plc (LON:HEAD)’s stock price rose 15.7% on Thursday . The stock traded as high as GBX 6.04 and last traded at GBX 6.04. Approximately 6,740,111 shares traded hands during mid-day trading, an increase of 659% from the average session volume of 888,290 shares. The stock had previously closed at GBX 5.22.

Headlam Group Trading Up 15.7%

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 has a market capitalization of £4.85 million, a PE ratio of -0.06 and a beta of 0.84. The business has a fifty day moving average price of GBX 25.04 and a two-hundred day moving average price of GBX 35.40.

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.