Headlam Group (LON:HEAD) Reaches New 52-Week Low – Should You Sell?

Headlam Group plc (LON:HEAD)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 44.40 and last traded at GBX 44.40, with a volume of 136995 shares changing hands. The stock had previously closed at GBX 47.

Analysts Set New Price Targets

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

Headlam Group Trading Down 5.5%

The firm has a market capitalization of £35.63 million, a price-to-earnings ratio of -0.78 and a beta of 1.42. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm’s 50 day moving average is GBX 50.87 and its 200 day moving average is GBX 63.15.

About Headlam Group

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.