Headlam Group (LON:HEAD) Hits New 1-Year Low – Here’s What Happened

Headlam Group plc (LON:HEAD)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 98.80 ($1.28) and last traded at GBX 98.40 ($1.27), with a volume of 61220 shares traded. The stock had previously closed at GBX 102 ($1.32).

Headlam Group Price Performance

The stock has a 50 day simple moving average of GBX 124.79 and a two-hundred day simple moving average of GBX 132.76. The company has a market cap of £78.37 million, a price-to-earnings ratio of -6.42 and a beta of 1.42. The company has a debt-to-equity ratio of 46.58, a current ratio of 1.29 and a quick ratio of 0.72.

Headlam Group (LON:HEAD) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX (35) (($0.45)) earnings per share for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. On average, equities research analysts predict that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

Insider Buying and Selling at Headlam Group

In other news, insider Jemima Bird acquired 7,677 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of GBX 147 ($1.90) per share, for a total transaction of £11,285.19 ($14,587.89). Company insiders own 4.26% of the company’s stock.

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.