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

Shares of Headlam Group plc (LON:HEAD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 42.60 and last traded at GBX 42.60, with a volume of 509515 shares. The stock had previously closed at GBX 43.70.

Wall Street Analyst Weigh In

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

Headlam Group Stock Down 2.5%

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 stock has a market cap of £34.19 million, a P/E ratio of -0.75 and a beta of 1.42. The company’s 50 day moving average price is GBX 48 and its two-hundred day moving average price is GBX 58.24.

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.