Headlam Group (LON:HEAD) Shares Cross Below 200 Day Moving Average - Time to Sell?

Headlam Group plc (LON:HEAD - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 110.47 ($1.50) and traded as low as GBX 95.20 ($1.29). Headlam Group shares last traded at GBX 96.80 ($1.31), with a volume of 31,724 shares changing hands.

Headlam Group Stock Down 2.0%

The firm has a market capitalization of £77.10 million, a price-to-earnings ratio of -6.32 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. The stock has a fifty day moving average of GBX 89.49 and a two-hundred day moving average of GBX 110.47.

Headlam Group (LON:HEAD - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.47)) EPS for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. Sell-side analysts anticipate that Headlam Group plc will post 7.3753605 earnings per share for the current year.

Insider Activity

In other news, insider Jemima Bird purchased 12,117 shares of the stock in a transaction on Thursday, May 1st. The shares were acquired at an average price of GBX 82 ($1.11) per share, for a total transaction of £9,935.94 ($13,481.60). Also, insider Karen Hubbard purchased 8,300 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of GBX 88 ($1.19) per share, with a total value of £7,304 ($9,910.45). Insiders bought 25,697 shares of company stock worth $2,230,874 in the last three months. Corporate insiders own 4.26% of the company's stock.

Headlam Group Company Profile

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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