Headlam Group (LON:HEAD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Headlam Group plc (LON:HEAD)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 138.69 ($1.70) and traded as high as GBX 140.25 ($1.72). Headlam Group shares last traded at GBX 139.50 ($1.71), with a volume of 16,159 shares changing hands.

Headlam Group Trading Up 0.7 %

The business’s fifty day moving average is GBX 134.77 and its 200-day moving average is GBX 138.69. The company has a debt-to-equity ratio of 46.58, a quick ratio of 0.72 and a current ratio of 1.29. The firm has a market cap of £113.51 million, a P/E ratio of -936.67 and a beta of 1.42.

Insider Buying and Selling at Headlam Group

In related news, insider Jemima Bird acquired 7,677 shares of the stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of GBX 147 ($1.80) per share, for a total transaction of £11,285.19 ($13,812.96). Corporate 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.