Headlam Group (LON:HEAD) Reaches New 1-Year Low – Here’s Why

Headlam Group plc (LON:HEAD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 4.64 and last traded at GBX 5.24, with a volume of 7851421 shares changing hands. The stock had previously closed at GBX 5.80.

Headlam Group Stock Down 9.7%

The company’s fifty day simple moving average is GBX 22.87 and its 200 day simple moving average is GBX 34.55. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The firm has a market capitalization of £4.21 million, a P/E ratio of -0.05 and a beta of 0.84.

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.