Headlam Group (LON:HEAD) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Headlam Group plc (LON:HEAD) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.69 ($1.69) and traded as high as GBX 140.25 ($1.71). Headlam Group shares last traded at GBX 139.50 ($1.70), with a volume of 16,159 shares changing hands.

Headlam Group Stock Up 0.7 %

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 £114.72 million, a PE ratio of -946.67 and a beta of 1.42. The business’s 50-day moving average price is GBX 135.06 and its 200-day moving average price is GBX 138.72.

Insider Activity

In other news, insider Jemima Bird acquired 7,677 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of GBX 147 ($1.79) per share, for a total transaction of £11,285.19 ($13,730.61). 4.26% of the stock is currently owned by corporate insiders.

Headlam Group Company Profile

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.