Headlam Group (LON:HEAD) Sets New 12-Month Low – Here’s Why

Headlam Group plc (LON:HEAD) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 85.20 ($1.10) and last traded at GBX 86 ($1.11), with a volume of 151688 shares traded. The stock had previously closed at GBX 89 ($1.15).

Headlam Group Stock Up 1.4 %

The business’s 50-day moving average price is GBX 113.64 and its 200-day moving average price is GBX 128.13. The firm has a market capitalization of £71.04 million, a PE ratio of -5.82 and a beta of 1.42. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58.

Headlam Group (LON:HEAD) last issued its earnings results on Tuesday, March 11th. The company reported GBX (35) (($0.45)) earnings per share (EPS) for the quarter. Headlam Group had a negative net margin of 1.98% and a negative return on equity of 5.80%. As a group, equities research analysts predict that Headlam Group plc will post 7.3753605 EPS for the current fiscal year.

Insiders Place Their Bets

In other Headlam Group news, insider Robin George Williams bought 5,280 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was bought at an average cost of GBX 96 ($1.24) per share, with a total value of £5,068.80 ($6,553.07). Insiders own 4.26% of the company’s stock.

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.