Headlam Group (LON:HEAD) Trading Up 9% – Here’s What Happened

Headlam Group plc (LON:HEAD)’s share price shot up 9% on Wednesday . The stock traded as high as GBX 49.50 and last traded at GBX 45.80. 1,886,746 shares traded hands during mid-day trading, an increase of 396% from the average session volume of 380,543 shares. The stock had previously closed at GBX 42.

Headlam Group Price Performance

The company’s fifty day moving average is GBX 38.29 and its two-hundred day moving average is GBX 44. The stock has a market cap of £37.33 million, a price-to-earnings ratio of -0.46 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27.

Headlam Group (LON:HEAD) last posted its quarterly earnings data on Wednesday, March 25th. The company reported GBX (44.10) earnings per share for the quarter. Headlam Group had a negative return on equity of 61.90% and a negative net margin of 16.42%. As a group, research analysts predict 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.