James Halstead (LON:JHD) Stock Crosses Below 200 Day Moving Average – Time to Sell?

James Halstead plc (LON:JHD) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 169.79 ($2.28) and traded as low as GBX 149 ($2.00). James Halstead shares last traded at GBX 152.50 ($2.05), with a volume of 324,006 shares trading hands.

James Halstead Trading Up 1.0 %

The stock has a market cap of £644.17 million, a price-to-earnings ratio of 15.51, a P/E/G ratio of 3.19 and a beta of 0.31. The business has a 50-day simple moving average of GBX 147.26 and a two-hundred day simple moving average of GBX 169.79. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.13 and a current ratio of 3.34.

James Halstead (LON:JHD) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 5 ($0.07) EPS for the quarter. James Halstead had a net margin of 15.10% and a return on equity of 23.72%. As a group, research analysts forecast that James Halstead plc will post 10.670194 EPS for the current year.

James Halstead Cuts Dividend

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

Insider Buying and Selling

In other news, insider Russell Whiting acquired 14,363 shares of James Halstead stock in a transaction dated Friday, April 11th. The stock was bought at an average price of GBX 139 ($1.86) per share, for a total transaction of £19,964.57 ($26,776.52). Also, insider Gordon Oliver bought 5,550 shares of the stock in a transaction dated Monday, April 7th. The shares were purchased at an average price of GBX 132 ($1.77) per share, for a total transaction of £7,326 ($9,825.64). 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.