Headlam Group (LON:HEAD) Trading Up 15.3% – What’s Next?

Headlam Group plc (LON:HEADGet Free Report) traded up 15.3% on Wednesday . The company traded as high as GBX 6.04 and last traded at GBX 6.04. Approximately 1,842,660 shares changed hands during mid-day trading, an increase of 77% from the average session volume of 1,040,604 shares. The stock had previously closed at GBX 5.24.

Headlam Group Price Performance

The company’s 50 day moving average price is GBX 22.26 and its 200-day moving average price is GBX 34.26. The company has a market cap of £4.85 million, a price-to-earnings ratio of -0.06 and a beta of 0.84. The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15.

About Headlam Group

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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.

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