Headlam Group (LON:HEAD) Reaches New 1-Year Low – Here’s Why

Headlam Group plc (LON:HEAD)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 80 ($1.06) and last traded at GBX 82.60 ($1.09), with a volume of 7717 shares trading hands. The stock had previously closed at GBX 81.40 ($1.08).

Headlam Group Stock Up 1.5 %

The company has a market capitalization of £65.79 million, a P/E ratio of -5.39 and a beta of 1.42. The firm’s 50 day moving average price is GBX 101.52 and its two-hundred day moving average price is GBX 123. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58.

Headlam Group (LON:HEAD) last posted its quarterly earnings data on Tuesday, March 11th. The company reported GBX (35) (($0.46)) EPS for the quarter. Headlam Group had a negative return on equity of 5.80% and a negative net margin of 1.98%. Equities research analysts forecast that Headlam Group plc will post 7.3753605 EPS for the current year.

Insider Activity

In other news, insider Robin George Williams bought 5,280 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of GBX 96 ($1.27) per share, for a total transaction of £5,068.80 ($6,709.20). 4.26% of the stock is currently owned by insiders.

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.