Headlam Group (LON:HEAD) Shares Down 30% – Here’s Why

Headlam Group plc (LON:HEADGet Free Report) shares fell 30% during trading on Tuesday . The stock traded as low as GBX 13.05 and last traded at GBX 13.20. 7,222,017 shares were traded during trading, an increase of 1,275% from the average session volume of 525,246 shares. The stock had previously closed at GBX 18.85.

Headlam Group Stock Performance

The stock has a fifty day simple moving average of GBX 30.58 and a two-hundred day simple moving average of GBX 37.31. The stock has a market cap of £10.60 million, a price-to-earnings ratio of -0.13 and a beta of 0.82. The company has a debt-to-equity ratio of 114.27, a quick ratio of 0.72 and a current ratio of 1.15.

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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