Headlam Group (LON:HEAD) Hits New 52-Week Low – Here’s What Happened

Headlam Group plc (LON:HEAD) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 42 and last traded at GBX 42.30, with a volume of 96862 shares trading hands. The stock had previously closed at GBX 42.

Analysts Set New Price Targets

Separately, Peel Hunt lowered their target price on shares of 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 100.

Headlam Group Trading Up 0.7%

The company has a market cap of £33.95 million, a PE ratio of -0.74 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. The company has a fifty day simple moving average of GBX 45.44 and a two-hundred day simple moving average of GBX 54.56.

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.