Halfords Group (LON:HFD) Stock Price Up 14.1% – Here’s What Happened

Halfords Group plc (LON:HFD)’s share price shot up 14.1% during trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 143.80 ($1.79). 9,660,308 shares were traded during mid-day trading, an increase of 696% from the average session volume of 1,213,965 shares. The stock had previously closed at GBX 126 ($1.56).

Halfords Group Stock Up 0.6 %

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

Halfords Group (LON:HFD) last released 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%. On average, sell-side analysts predict that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

Halfords Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 12th were given a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.32%. 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.