James Halstead (LON:JHD) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

James Halstead plc (LON:JHD)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 141.13 and traded as low as GBX 138.07. James Halstead shares last traded at GBX 138.50, with a volume of 340,505 shares.

James Halstead Stock Performance

The company has a current ratio of 3.34, a quick ratio of 1.13 and a debt-to-equity ratio of 3.52. The company’s 50-day moving average is GBX 137.27 and its two-hundred day moving average is GBX 141.13. The stock has a market capitalization of £576.73 million, a P/E ratio of 14.28, a P/E/G ratio of 3.19 and a beta of 0.31.

Insiders Place Their Bets

In related news, insider David Drillingcourt bought 14,753 shares of the stock in a transaction on Friday, November 14th. The shares were purchased at an average price of GBX 136 per share, with a total value of £20,064.08. Also, insider Gordon Oliver purchased 8,500 shares of the company’s stock in a transaction on Friday, November 14th. The shares were bought at an average price of GBX 136 per share, for a total transaction of £11,560. Insiders own 8.99% of the company’s stock.

James Halstead Company Profile

James Halstead (LSE: JHD) is a global manufacturer and supplier of flooring for commercial and domestic purposes. It has manufacturing operations across the United Kingdom, Europe and Scandinavia, Australasia and Asia, and Rest of the World markets and supplies to customers all around the world. The Company’s brands include Polyflor, Palettone, Camaro, Polysafe, Recofloor and Expona.

James Halstead’s strategy is to constantly develop its brand identity and its reputation for quality, product innovation, durability and availability, thereby enhancing and maintaining goodwill with the aim of achieving repeat business.