Headlam Group (LON:HEAD) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Headlam Group plc (LON:HEAD) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 74.91 and traded as low as GBX 51.20. Headlam Group shares last traded at GBX 58, with a volume of 818,964 shares changing hands.

Analysts Set New Price Targets

Separately, Peel Hunt dropped their price target on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating on the stock in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 100.

Headlam Group Stock Performance

The firm’s fifty day moving average price is GBX 53.83 and its 200-day moving average price is GBX 74.91. The company has a market cap of £46.71 million, a P/E ratio of -1.02 and a beta of 1.42. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58.

Headlam Group (LON:HEAD) last released its earnings results on Tuesday, September 16th. The company reported GBX (19) earnings per share for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. As a group, research analysts forecast that Headlam Group plc will post 7.3753605 EPS for the current fiscal year.

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.