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Headlam Group (LON:HEAD) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Headlam Group logo with Consumer Cyclical background

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.

Headlam Group Stock Performance

The firm has a market cap of £68.49 million, a P/E ratio of -5.61 and a beta of 1.42. The business's fifty day simple moving average is GBX 92.41 and its 200-day simple moving average is GBX 103.46. 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 at Headlam Group

In other Headlam Group news, insider Jemima Bird purchased 12,117 shares of the stock in a transaction on Thursday, May 1st. The stock was bought at an average price of GBX 82 ($1.10) per share, for a total transaction of £9,935.94 ($13,342.20). Also, insider Karen Hubbard acquired 8,300 shares of Headlam Group stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of GBX 88 ($1.18) per share, for a total transaction of £7,304 ($9,807.98). Company insiders own 4.26% of the company's stock.

About Headlam Group

(Get Free Report)

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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