Halfords Group (OTCMKTS:HLFDY) Stock Price Up 4.2% - Still a Buy?

Key Points

• Halfords Group's stock saw a rise of 4.2%, trading at $3.90, an increase of 136% in trading volume compared to its daily average.
• The company has announced a dividend increase to $0.1252 per share, significantly up from the previous $0.08, representing a yield of 471.0%.
• Halfords Group operates in the UK and Ireland, offering motoring and cycling products through retail and car servicing segments.

Shares of Halfords Group Plc (OTCMKTS:HLFDY - Get Free Report) shot up 4.2% during trading on Friday . The company traded as high as $3.90 and last traded at $3.90. 21 shares were traded during trading, an increase of 136% from the average session volume of 9 shares. The stock had previously closed at $3.74.

Halfords Group Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 0.88 and a quick ratio of 0.38. The business has a fifty day moving average of $3.95 and a 200 day moving average of $3.89.

Halfords Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.1252 per share. The ex-dividend date is Friday, August 8th. This represents a dividend yield of 471.0%. This is a boost from Halfords Group's previous dividend of $0.08.

About Halfords Group

Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. The company operates through two segments, Retail and Car Servicing. The Retail segment is involved in the retail of automotive, leisure, cycling products and accessories, auto parts, and accessories through its stores and online.