Headlam Group (LON:HEAD) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Headlam Group's share price has dropped below its 200-day moving average, with the current price at GBX 79.20 ($1.07) compared to a moving average of GBX 96.01 ($1.30).
• The company has a market capitalization of £63.08 million and shows a P/E ratio of -5.17, indicating potential financial struggles.
• Insider Karen Hubbard purchased 8,300 shares at an average price of GBX 88 ($1.19), suggesting some level of confidence from within the company despite the stock's decline.

Shares of Headlam Group plc (LON:HEAD - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 96.01 ($1.30) and traded as low as GBX 78 ($1.06). Headlam Group shares last traded at GBX 79.20 ($1.07), with a volume of 125,302 shares trading hands.

Headlam Group Stock Performance

The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £62.92 million, a P/E ratio of -5.15 and a beta of 1.42. The firm has a 50 day moving average of GBX 87.30 and a 200-day moving average of GBX 94.89.

Insider Activity

In related news, insider Karen Hubbard purchased 8,300 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of GBX 88 ($1.19) per share, for a total transaction of £7,304 ($9,899.70). 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.