Headlam Group (LON:HEAD) Stock Price Down 9.9% – Here’s Why

Headlam Group plc (LON:HEADGet Free Report) fell 9.9% on Monday . The stock traded as low as GBX 5.43 and last traded at GBX 5.80. Approximately 4,979,115 shares changed hands during trading, an increase of 404% from the average session volume of 986,992 shares. The stock had previously closed at GBX 6.44.

Headlam Group Trading Down 9.9%

The company has a quick ratio of 0.72, a current ratio of 1.15 and a debt-to-equity ratio of 114.27. The stock has a market capitalization of £4.66 million, a PE ratio of -0.06 and a beta of 0.84. The business’s 50-day moving average is GBX 23.49 and its two-hundred day moving average is GBX 34.84.

About Headlam Group

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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.

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