Headlam Group (LON:HEAD) Hits New 52-Week Low – Time to Sell?

Headlam Group plc (LON:HEAD)’s share price hit a new 52-week low on Monday . The stock traded as low as GBX 44.70 and last traded at GBX 44.70, with a volume of 105501 shares trading hands. The stock had previously closed at GBX 46.70.

Analysts Set New Price Targets

Separately, Peel Hunt reduced their target price on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating for the company in a research note on Wednesday, November 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 100.

Headlam Group Stock Performance

The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The firm’s 50 day simple moving average is GBX 51.75 and its 200-day simple moving average is GBX 65.07. The company has a market cap of £35.88 million, a price-to-earnings ratio of -0.79 and a beta of 1.42.

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.