Halfords Group (LON:HFD) Shares Up 13.5% – Here’s What Happened

Halfords Group plc (LON:HFD) shot up 13.5% during mid-day trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 143 ($1.78). 4,323,830 shares changed hands during mid-day trading, an increase of 363% from the average session volume of 933,098 shares. The stock had previously closed at GBX 126 ($1.56).

Halfords Group Stock Up 0.6 %

The firm has a market capitalization of £312.89 million, a price-to-earnings ratio of 1,101.90, a P/E/G ratio of 2.80 and a beta of 1.62. The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 59.34. The company’s 50 day moving average price is GBX 135.29 and its 200 day moving average price is GBX 143.41.

Halfords Group (LON:HFD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share for the quarter. Halfords Group had a return on equity of 5.22% and a net margin of 1.00%. As a group, research analysts forecast that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

Halfords Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 12th were given a dividend of GBX 3 ($0.04) per share. This represents a yield of 2.32%. The ex-dividend date was Thursday, December 12th. Halfords Group’s dividend payout ratio is presently 6,153.85%.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.