Headlam Group (LON:HEAD) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Headlam Group plc (LON:HEAD - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 103.46 ($1.39) and traded as low as GBX 86.15 ($1.16). Headlam Group shares last traded at GBX 86.71 ($1.16), with a volume of 39,451 shares trading hands.

Headlam Group Stock Performance

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 company has a market capitalization of £69.13 million, a price-to-earnings ratio of -5.66 and a beta of 1.42. The stock has a 50 day simple moving average of GBX 92.25 and a two-hundred day simple moving average of GBX 102.54.

Insider Activity

In other news, insider Karen Hubbard acquired 8,300 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of GBX 88 ($1.18) per share, with a total value of £7,304 ($9,797.45). Also, insider Jemima Bird acquired 12,117 shares of the company's stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of GBX 82 ($1.10) per share, for a total transaction of £9,935.94 ($13,327.89). Company 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.