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

Headlam Group plc (LON:HEAD - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 108.71 ($1.49) and traded as low as GBX 91 ($1.25). Headlam Group shares last traded at GBX 92 ($1.26), with a volume of 50,028 shares traded.

Headlam Group Stock Performance

The firm's 50-day moving average price is GBX 91.23 and its two-hundred day moving average price is GBX 108.22. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £71.04 million, a PE ratio of -5.82 and a beta of 1.42.

Insiders Place Their Bets

In other Headlam Group news, insider Jemima Bird purchased 12,117 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were purchased at an average cost of GBX 82 ($1.13) per share, with a total value of £9,935.94 ($13,635.16). Also, insider Karen Hubbard acquired 8,300 shares of Headlam Group stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of GBX 88 ($1.21) per share, with a total value of £7,304 ($10,023.33). Corporate insiders own 4.26% of the company's stock.

About Headlam Group

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.