Headlam Group (LON:HEAD) Stock Passes Below 200-Day Moving Average – Here’s Why

Headlam Group plc (LON:HEAD)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 139.48 ($1.76) and traded as low as GBX 137 ($1.72). Headlam Group shares last traded at GBX 140 ($1.76), with a volume of 18,726 shares.

Headlam Group Trading Up 2.2 %

The company has a 50-day moving average price of GBX 132.19 and a two-hundred day moving average price of GBX 139.37. The stock has a market cap of £113.11 million, a P/E ratio of -933.33 and a beta of 1.42. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58.

Insiders Place Their Bets

In related news, insider Robin George Williams bought 4,250 shares of the stock in a transaction dated Tuesday, October 1st. The stock was purchased at an average cost of GBX 138 ($1.74) per share, with a total value of £5,865 ($7,380.14). Also, insider Jemima Bird purchased 7,677 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was bought at an average price of GBX 147 ($1.85) per share, for a total transaction of £11,285.19 ($14,200.57). 4.26% of the stock is owned by insiders.

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.