James Halstead (LON:JHD) Shares Pass Below 200-Day Moving Average - Here's Why

Shares of James Halstead plc (LON:JHD - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 168.07 ($2.23) and traded as low as GBX 161 ($2.14). James Halstead shares last traded at GBX 163 ($2.17), with a volume of 125,161 shares traded.

James Halstead Trading Down 0.3%

The company has a market capitalization of £702.73 million, a PE ratio of 16.92, a PEG ratio of 3.19 and a beta of 0.31. The company has a fifty day simple moving average of GBX 149.23 and a 200-day simple moving average of GBX 167.49. The company has a current ratio of 3.34, a quick ratio of 1.13 and a debt-to-equity ratio of 3.52.

James Halstead (LON:JHD - Get Free Report) last announced its earnings results on Thursday, March 27th. The company reported GBX 5 ($0.07) earnings per share (EPS) for the quarter. James Halstead had a net margin of 15.10% and a return on equity of 23.72%. Analysts predict that James Halstead plc will post 10.670194 EPS for the current year.

James Halstead Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 8th will be issued a dividend of GBX 2.75 ($0.04) per share. This represents a yield of 1.87%. The ex-dividend date is Thursday, May 8th. James Halstead's dividend payout ratio (DPR) is 90.67%.

Insiders Place Their Bets

In related news, insider Gordon Oliver bought 5,550 shares of the stock in a transaction on Monday, April 7th. The stock was bought at an average price of GBX 132 ($1.76) per share, for a total transaction of £7,326 ($9,742.02). Also, insider Russell Whiting bought 14,363 shares of the stock in a transaction dated Friday, April 11th. The stock was bought at an average price of GBX 139 ($1.85) per share, for a total transaction of £19,964.57 ($26,548.63). Insiders own 49.12% of the company's stock.

About James Halstead

James Halstead LSE: JHD is a global manufacturer and supplier of flooring for commercial and domestic purposes. It has manufacturing operations across the United Kingdom, Europe and Scandinavia, Australasia and Asia, and Rest of the World markets and supplies to customers all around the world. The Company's brands include Polyflor, Palettone, Camaro, Polysafe, Recofloor and Expona.