Headlam Group (LON:HEAD) Stock Crosses Below 200-Day Moving Average - What's Next?

Shares of Headlam Group plc (LON:HEAD - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 105.55 ($1.43) and traded as low as GBX 87 ($1.18). Headlam Group shares last traded at GBX 88 ($1.20), with a volume of 52,861 shares changing hands.

Headlam Group Stock Performance

The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58. The company has a 50 day moving average price of GBX 92.93 and a 200-day moving average price of GBX 105.55. The company has a market cap of £69.77 million, a P/E ratio of -5.71 and a beta of 1.42.

Insider Transactions at Headlam Group

In related news, insider Karen Hubbard purchased 8,300 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average cost of GBX 88 ($1.20) per share, with a total value of £7,304 ($9,926.61). Also, insider Jemima Bird purchased 12,117 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of GBX 82 ($1.11) per share, with a total value of £9,935.94 ($13,503.59). 4.26% of the stock is currently owned by corporate 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.

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