Headlam Group (LON:HEAD) Sets New 52-Week Low – Here’s Why

Shares of Headlam Group plc (LON:HEAD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 94.60 ($1.22) and last traded at GBX 95 ($1.23), with a volume of 55666 shares changing hands. The stock had previously closed at GBX 96 ($1.24).

Headlam Group Price Performance

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 firm has a market capitalization of £73.27 million, a price-to-earnings ratio of -6.00 and a beta of 1.42. The company’s 50 day moving average is GBX 118.73 and its 200-day moving average is GBX 130.24.

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

Insider Activity

In other news, insider Robin George Williams purchased 5,280 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of GBX 96 ($1.24) per share, with a total value of £5,068.80 ($6,562.40). 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.