Halfords Group (LON:HFD) Trading Up 13.5% – Here’s What Happened

Shares of Halfords Group plc (LON:HFD) rose 13.5% during mid-day trading on Tuesday . The stock traded as high as GBX 153.60 ($1.91) and last traded at GBX 143 ($1.78). Approximately 4,323,830 shares traded hands during mid-day trading, an increase of 363% from the average daily volume of 933,098 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Trading Up 13.5 %

The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91. The firm has a market cap of £312.35 million, a P/E ratio of 1,100.00, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The stock has a fifty day simple moving average of GBX 134.93 and a 200 day simple moving average of GBX 143.47.

Halfords Group (LON:HFD) last posted its earnings results on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share (EPS) for the quarter. Halfords Group had a net margin of 1.00% and a return on equity of 5.22%. On average, research analysts expect that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

Halfords Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 12th were issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 2.32%. Halfords Group’s payout ratio is 6,153.85%.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.