Headlam Group (LON:HEAD) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Headlam Group plc (LON:HEAD)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 139.48 ($1.76) and traded as low as GBX 137 ($1.72). Headlam Group shares last traded at GBX 140 ($1.76), with a volume of 18,726 shares changing hands.

Headlam Group Stock Performance

The stock has a market cap of £113.11 million, a PE ratio of -933.33 and a beta of 1.42. The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58. The business’s 50-day moving average price is GBX 132.19 and its 200-day moving average price is GBX 139.37.

Insider Activity

In related news, insider Jemima Bird purchased 7,677 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of GBX 147 ($1.85) per share, with a total value of £11,285.19 ($14,200.57). Also, insider Robin George Williams acquired 4,250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were bought at an average cost of GBX 138 ($1.74) per share, for a total transaction of £5,865 ($7,380.14). Company insiders own 4.26% of the company’s stock.

Headlam Group Company Profile

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.