Headlam Group (LON:HEAD) Stock Passes Below 200-Day Moving Average – What’s Next?

Headlam Group plc (LON:HEAD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 50.33 and traded as low as GBX 44.60. Headlam Group shares last traded at GBX 44.60, with a volume of 83,963 shares trading hands.

Headlam Group Stock Up 2.1%

The company has a quick ratio of 0.72, a current ratio of 1.26 and a debt-to-equity ratio of 66.36. The company has a fifty day moving average price of GBX 43.25 and a 200-day moving average price of GBX 50.10. The stock has a market capitalization of £35.83 million, a P/E ratio of -0.78 and a beta of 0.86.

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.