Headlam Group (LON:HEAD) Shares Up 12.7% – Should You Buy?

Headlam Group plc (LON:HEADGet Free Report) shares rose 12.7% on Friday . The company traded as high as GBX 9.22 and last traded at GBX 8.90. 2,324,960 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 1,316,963 shares. The stock had previously closed at GBX 7.90.

Headlam Group Stock Performance

The stock’s 50-day moving average is GBX 13.65 and its 200-day moving average is GBX 29.97. The firm has a market capitalization of £7.15 million, a price-to-earnings ratio of -0.09 and a beta of 0.77. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27.

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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