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

Headlam Group plc (LON:HEAD) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.69 ($1.69) and traded as low as GBX 138.50 ($1.69). Headlam Group shares last traded at GBX 139.50 ($1.70), with a volume of 16,159 shares traded.

Headlam Group Trading Up 0.7 %

The company’s 50 day simple moving average is GBX 135.06 and its two-hundred day simple moving average is GBX 138.72. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The company has a market capitalization of £114.72 million, a price-to-earnings ratio of -946.67 and a beta of 1.42.

Insider Buying and Selling

In other news, insider Jemima Bird purchased 7,677 shares of the company’s stock in a transaction on Friday, December 20th. The shares were acquired at an average price of GBX 147 ($1.79) per share, for a total transaction of £11,285.19 ($13,730.61). 4.26% of the stock is owned by company insiders.

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.