Headlam Group (LON:HEAD) Stock Passes Below 200-Day Moving Average of $473.70

Headlam Group plc (LON:HEAD)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 473.70 ($6.43) and traded as low as GBX 419.59 ($5.70). Headlam Group shares last traded at GBX 420 ($5.70), with a volume of 2,773 shares trading hands.

Several brokerages have recently issued reports on HEAD. Peel Hunt restated a “buy” rating and set a GBX 670 ($9.09) price target on shares of Headlam Group in a research note on Thursday, November 25th. Peel Hunt restated a “buy” rating and set a GBX 670 ($9.09) price target on shares of Headlam Group in a research note on Thursday, November 25th.

The company’s fifty day simple moving average is GBX 433.24 and its 200 day simple moving average is GBX 473.70. The company has a current ratio of 1.54, a quick ratio of 0.90 and a debt-to-equity ratio of 20.88. The stock has a market capitalization of £358.29 million and a P/E ratio of 19.00.

In other Headlam Group news, insider Stephen Bird bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The shares were bought at an average price of GBX 463 ($6.28) per share, for a total transaction of £23,150 ($31,423.92). Also, insider Simon King bought 5,394 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The stock was acquired at an average price of GBX 461 ($6.26) per share, for a total transaction of £24,866.34 ($33,753.69).

Headlam Group Company Profile (LON:HEAD)

Headlam Group plc, together with its subsidiaries, sells, markets, supplies, and distributes floorcovering and other ancillary products in the United Kingdom and Continental Europe. It offers its products to residential and commercial sector, such as independent retailers and flooring contractors, as well as other groups, including larger retailers, housebuilders, specifiers, and local authorities.

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