Headlam Group (LON:HEAD) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• Headlam Group's stock has fallen below its 200-day moving average, trading as low as GBX 82 ($1.10) on Friday, compared to a 200-day average of GBX 101.13 ($1.36).
• Insider purchases indicate confidence, with Karen Hubbard and Jemima Bird acquiring 8,300 and 12,117 shares, respectively, at prices around GBX 82 to GBX 88 ($1.10 to $1.18).
• With a market cap of £65.31 million and a debt-to-equity ratio of 46.58, the company continues to hold a significant position as the UK's leading floorcovering distributor.

Shares of Headlam Group plc (LON:HEAD - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 101.13 ($1.35) and traded as low as GBX 82 ($1.10). Headlam Group shares last traded at GBX 82 ($1.10), with a volume of 205,856 shares trading hands.

Headlam Group Price Performance

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 company's 50 day moving average is GBX 91.38 and its 200 day moving average is GBX 100.21. The firm has a market capitalization of £65.95 million, a price-to-earnings ratio of -5.40 and a beta of 1.42.

Insider Activity

In other Headlam Group 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 acquired at an average cost of GBX 88 ($1.18) per share, for a total transaction of £7,304 ($9,758.18). Also, insider Jemima Bird purchased 12,117 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of GBX 82 ($1.10) per share, for a total transaction of £9,935.94 ($13,274.47). 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.