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

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

Halfords Group Stock Performance

The company has a market capitalization of £312.89 million, a PE ratio of 1,101.90, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The stock’s fifty day simple moving average is GBX 135.29 and its 200-day simple moving average is GBX 143.41. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91.

Halfords Group (LON:HFD) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share for the quarter. Halfords Group had a net margin of 1.00% and a return on equity of 5.22%. As a group, equities analysts predict that Halfords Group plc will post 9.1143911 earnings per share for the current 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 paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, December 12th. Halfords Group’s dividend payout ratio is presently 6,153.85%.

About Halfords Group

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.