Headlam Group (LON:HEAD) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Headlam Group plc (LON:HEAD)’s stock price crossed above 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 high as GBX 140.25 ($1.71). Headlam Group shares last traded at GBX 139.50 ($1.70), with a volume of 16,159 shares.

Headlam Group Trading Up 0.7 %

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 business’s 50-day moving average is GBX 135.06 and its 200 day moving average is GBX 138.72. The firm has a market capitalization of £114.72 million, a P/E ratio of -946.67 and a beta of 1.42.

Insider Buying and Selling at Headlam Group

In related news, insider Jemima Bird bought 7,677 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of GBX 147 ($1.79) per share, with a total value of £11,285.19 ($13,730.61). Company 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.