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

Headlam Group plc (LON:HEAD - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 113.45 ($1.54) and traded as low as GBX 92 ($1.25). Headlam Group shares last traded at GBX 95.60 ($1.30), with a volume of 4,794 shares traded.

Headlam Group Trading Up 2.8%

The company's 50-day moving average is GBX 87.92 and its 200-day moving average is GBX 112.42. The firm has a market cap of £76.14 million, a price-to-earnings ratio of -6.24 and a beta of 1.42. The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29.

Headlam Group (LON:HEAD - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.47)) earnings per share (EPS) for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. On average, research analysts predict that Headlam Group plc will post 7.3753605 earnings per share for the current year.

Insider Buying and Selling at Headlam Group

In other Headlam Group news, insider Robin George Williams bought 5,280 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of GBX 96 ($1.30) per share, with a total value of £5,068.80 ($6,866.43). Also, insider Karen Hubbard bought 8,300 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of GBX 88 ($1.19) per share, with a total value of £7,304 ($9,894.34). In the last three months, insiders have acquired 25,697 shares of company stock worth $2,230,874. Company 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.