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

Headlam Group plc (LON:HEAD) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 117.74 ($1.48) and last traded at GBX 118 ($1.48), with a volume of 9811 shares traded. The stock had previously closed at GBX 118 ($1.48).

Headlam Group Price Performance

The stock has a fifty day moving average of GBX 133.77 and a 200-day moving average of GBX 137.10. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £93.18 million, a P/E ratio of -7.63 and a beta of 1.42.

Insider Activity at Headlam Group

In other news, insider Jemima Bird acquired 7,677 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of GBX 147 ($1.85) per share, for a total transaction of £11,285.19 ($14,200.57). 4.26% of the stock is currently owned by company 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.