Headlam Group (LON:HEAD) Stock Crosses Above 200 Day Moving Average – What’s Next?

Headlam Group plc (LON:HEAD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 44.85 and traded as high as GBX 53.68. Headlam Group shares last traded at GBX 50.80, with a volume of 1,587,841 shares.

Headlam Group Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The business’s fifty day simple moving average is GBX 38.57 and its two-hundred day simple moving average is GBX 44.85. The stock has a market capitalization of £40.78 million, a P/E ratio of -0.50 and a beta of 0.82.

Headlam Group (LON:HEAD) last issued its quarterly earnings results on Wednesday, March 25th. The company reported GBX (44.10) earnings per share for the quarter. Headlam Group had a negative net margin of 16.42% and a negative return on equity of 61.90%. As a group, analysts forecast that Headlam Group plc will post 7.3753605 earnings per share for the current year.

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.