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

Headlam Group plc (LON:HEAD) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.69 ($1.69) and traded as low as GBX 138.50 ($1.69). Headlam Group shares last traded at GBX 139.50 ($1.70), with a volume of 16,159 shares trading hands.

Headlam Group Price Performance

The stock has a market capitalization of £114.72 million, a PE ratio of -946.67 and a beta of 1.42. The company has a debt-to-equity ratio of 46.58, a current ratio of 1.29 and a quick ratio of 0.72. The stock’s fifty day moving average is GBX 135.06 and its 200-day moving average is GBX 138.72.

Insider Buying and Selling at Headlam Group

In related news, insider Jemima Bird purchased 7,677 shares of Headlam Group stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of GBX 147 ($1.79) per share, for a total transaction of £11,285.19 ($13,730.61). 4.26% of the stock is owned by corporate insiders.

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.