Headlam Group (LON:HEAD) Stock Price Down 10.8% – Should You Sell?

Shares of Headlam Group plc (LON:HEAD) were down 10.8% during mid-day trading on Thursday . The stock traded as low as GBX 9.24 and last traded at GBX 9.32. Approximately 987,390 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,321,895 shares. The stock had previously closed at GBX 10.45.

Headlam Group Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The firm has a market capitalization of £7.48 million, a price-to-earnings ratio of -0.09 and a beta of 0.77. The company’s 50 day moving average is GBX 12.65 and its 200-day moving average is GBX 29.03.

Headlam Group Company Profile

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.