Headlam Group (LON:HEAD) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Headlam Group plc (LON:HEAD)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 37.58 and traded as low as GBX 19.10. Headlam Group shares last traded at GBX 19.10, with a volume of 104,805 shares trading hands.

Headlam Group Trading Up 1.1%

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 stock has a 50 day simple moving average of GBX 30.97 and a 200-day simple moving average of GBX 37.58. The firm has a market cap of £15.33 million, a P/E ratio of -0.19 and a beta of 0.82.

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.