Headlam Group (LON:HEAD) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

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 67.57 and traded as low as GBX 48. Headlam Group shares last traded at GBX 48, with a volume of 56,702 shares trading hands.

Analyst Upgrades and Downgrades

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

Headlam Group Trading Down 1.0%

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 has a 50 day moving average price of GBX 51.97 and a 200 day moving average price of GBX 67.25. The stock has a market capitalization of £38.52 million, a PE ratio of -0.84 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.