Headlam Group (LON:HEAD) Share Price Passes Below 200-Day Moving Average of $473.70

Headlam Group plc (LON:HEAD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 473.70 ($6.43) and traded as low as GBX 419.59 ($5.70). Headlam Group shares last traded at GBX 420 ($5.70), with a volume of 2,773 shares changing hands.

A number of research analysts have commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 670 ($9.09) target price on shares of Headlam Group in a research report on Thursday, November 25th. Peel Hunt reiterated a “buy” rating and issued a GBX 670 ($9.09) target price on shares of Headlam Group in a research note on Thursday, November 25th.

The company has a debt-to-equity ratio of 20.88, a quick ratio of 0.90 and a current ratio of 1.54. The firm’s 50 day moving average is GBX 433.24 and its 200-day moving average is GBX 473.70. The stock has a market capitalization of £358.29 million and a price-to-earnings ratio of 19.00.

In other news, insider Simon King purchased 5,394 shares of the company’s stock in a transaction dated Friday, November 5th. The stock was acquired at an average price of GBX 461 ($6.26) per share, for a total transaction of £24,866.34 ($33,753.69). Also, insider Stephen Bird purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 1st. The stock was purchased at an average price of GBX 463 ($6.28) per share, with a total value of £23,150 ($31,423.92).

About Headlam Group (LON:HEAD)

Headlam Group plc, together with its subsidiaries, sells, markets, supplies, and distributes floorcovering and other ancillary products in the United Kingdom and Continental Europe. It offers its products to residential and commercial sector, such as independent retailers and flooring contractors, as well as other groups, including larger retailers, housebuilders, specifiers, and local authorities.

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