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

Headlam Group plc (LON:HEAD) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Headlam Group Trading Up 3.9%

The stock has a market capitalization of £46.71 million, a price-to-earnings 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. The company has a fifty day moving average of GBX 53.83 and a two-hundred day moving average of GBX 74.91.

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