Headlam Group (LON:HEAD) Trading Down 10.1% – Here’s Why

Headlam Group plc (LON:HEADGet Free Report)’s share price traded down 10.1% on Monday . The company traded as low as GBX 9.30 and last traded at GBX 11.15. Approximately 4,721,486 shares changed hands during mid-day trading, an increase of 263% from the average daily volume of 1,300,642 shares. The stock had previously closed at GBX 12.40.

Headlam Group Stock Up 4.3%

The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15. The company has a market capitalization of £8.67 million, a price-to-earnings ratio of -0.11 and a beta of 0.84. The firm’s 50-day simple moving average is GBX 16.33 and its 200-day simple moving average is GBX 31.71.

Headlam Group Company Profile

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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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