James Halstead (LON:JHD) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

James Halstead plc (LON:JHD - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 167.25 ($2.27) and traded as low as GBX 161.50 ($2.19). James Halstead shares last traded at GBX 162.50 ($2.20), with a volume of 332,759 shares changing hands.

James Halstead Stock Down 1.5%

The firm has a market capitalization of £669.27 million, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 3.19 and a beta of 0.31. The company's fifty day simple moving average is GBX 150.86 and its 200 day simple moving average is GBX 166.03. 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 released its earnings results on Thursday, March 27th. The company reported GBX 5 ($0.07) earnings per share for the quarter. James Halstead had a net margin of 15.10% and a return on equity of 23.72%. Research analysts expect that James Halstead plc will post 10.670194 EPS for the current year.

James Halstead Cuts Dividend

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

Insider Activity at James Halstead

In related news, insider Gordon Oliver purchased 5,550 shares of James Halstead stock in a transaction on Monday, April 7th. The shares were bought at an average cost of GBX 132 ($1.79) per share, for a total transaction of £7,326 ($9,940.30). Also, insider Russell Whiting purchased 14,363 shares of James Halstead stock in a transaction on Friday, April 11th. The stock was bought at an average price of GBX 139 ($1.89) per share, for a total transaction of £19,964.57 ($27,088.97). 49.12% of the stock is owned by corporate insiders.

James Halstead Company Profile

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.