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

Shares of Headlam Group plc (LON:HEAD) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 44 and last traded at GBX 45.20, with a volume of 100562 shares changing hands. The stock had previously closed at GBX 45.

Wall Street Analyst Weigh In

Separately, Peel Hunt reduced their price target 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 100.

Headlam Group Stock Up 0.4%

The company’s 50 day simple moving average is GBX 49.68 and its 200-day simple moving average is GBX 61.07. The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The firm has a market capitalization of £36.28 million, a PE ratio of -0.79 and a beta of 1.42.

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.