Halfords Group (LON:HFD) Trading Up 17.5% – What’s Next?

Halfords Group plc (LON:HFD)’s share price shot up 17.5% during mid-day trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 148 ($1.84). 9,295,694 shares traded hands during mid-day trading, an increase of 678% from the average session volume of 1,194,775 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Stock Up 0.8 %

The firm’s fifty day simple moving average is GBX 135.07 and its 200 day simple moving average is GBX 143.42. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34. The company has a market cap of £313.67 million, a price-to-earnings ratio of 1,104.62, a PEG ratio of 2.80 and a beta of 1.62.

Halfords Group (LON:HFD) last posted its earnings results on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) EPS for the quarter. Halfords Group had a return on equity of 5.22% and a net margin of 1.00%. Sell-side 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 announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 12th were given a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.32%. The ex-dividend date was Thursday, December 12th. Halfords Group’s dividend payout ratio (DPR) 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.