Headlam Group (LON:HEAD) Trading Down 30% – Should You Sell?

Headlam Group plc (LON:HEAD) shares were down 30% on Tuesday . The company traded as low as GBX 13.05 and last traded at GBX 13.20. 7,222,017 shares traded hands during mid-day trading, an increase of 1,275% from the average daily volume of 525,246 shares. The stock had previously closed at GBX 18.85.

Headlam Group Trading Up 0.9%

The stock has a market cap of £10.21 million, a price-to-earnings ratio of -0.12 and a beta of 0.84. The business’s 50 day moving average is GBX 29.15 and its 200 day moving average is GBX 36.81. The company has a debt-to-equity ratio of 114.27, a current ratio of 1.15 and a quick ratio of 0.72.

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.