Headlam Group (LON:HEAD) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Headlam Group plc (LON:HEAD - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 107.23 ($1.46) and traded as low as GBX 86.40 ($1.18). Headlam Group shares last traded at GBX 88 ($1.20), with a volume of 27,546 shares changing hands.

Headlam Group Price Performance

The firm has a 50-day simple moving average of GBX 91.82 and a two-hundred day simple moving average of GBX 107.11. The company has a market capitalization of £70.88 million, a price-to-earnings ratio of -5.81 and a beta of 1.42. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58.

Insider Activity

In related news, insider Karen Hubbard purchased 8,300 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of GBX 88 ($1.20) per share, with a total value of £7,304 ($9,971.33). Also, insider Jemima Bird acquired 12,117 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of GBX 82 ($1.12) per share, for a total transaction of £9,935.94 ($13,564.42). 4.26% of the stock is owned by company insiders.

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.