Headlam Group (LON:HEAD) Shares Down 14.2% – Here’s Why

Headlam Group plc (LON:HEAD) traded down 14.2% on Monday . The stock traded as low as GBX 37 and last traded at GBX 37. 497,869 shares were traded during trading, an increase of 46% from the average session volume of 341,209 shares. The stock had previously closed at GBX 43.10.

Headlam Group Trading Down 14.2%

The firm has a fifty day simple moving average of GBX 38.72 and a two-hundred day simple moving average of GBX 44.62. The firm has a market capitalization of £29.70 million, a P/E ratio of -0.36 and a beta of 0.82. The company has a debt-to-equity ratio of 114.27, a current ratio of 1.15 and a quick ratio of 0.72.

Headlam Group (LON:HEAD) last released its quarterly earnings data on Wednesday, March 25th. The company reported GBX (44.10) EPS for the quarter. Headlam Group had a negative net margin of 16.42% and a negative return on equity of 61.90%. On average, equities research analysts anticipate that Headlam Group plc will post 7.3753605 earnings per share for the current fiscal year.

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.