James Halstead (LON:JHD) Shares Pass Below 50 Day Moving Average – Time to Sell?

James Halstead plc (LON:JHD) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 129.59 and traded as low as GBX 123.20. James Halstead shares last traded at GBX 124.80, with a volume of 348,439 shares trading hands.

James Halstead Stock Performance

The stock has a market cap of £523.85 million, a P/E ratio of 13.82, a P/E/G ratio of 3.19 and a beta of 0.30. The company has a fifty day moving average price of GBX 129.11 and a 200 day moving average price of GBX 131.53. The company has a debt-to-equity ratio of 5.06, a current ratio of 4.13 and a quick ratio of 1.13.

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.

James Halstead’s strategy is to constantly develop its brand identity and its reputation for quality, product innovation, durability and availability, thereby enhancing and maintaining goodwill with the aim of achieving repeat business.