Halfords Group (LON:HFD) Stock Price Up 17.5% – Here’s Why

Shares of Halfords Group plc (LON:HFD) rose 17.5% during trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 148 ($1.84). Approximately 9,295,694 shares were traded during trading, an increase of 678% from the average daily volume of 1,194,775 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Stock Up 13.5 %

The business’s 50 day moving average price is GBX 134.89 and its 200-day moving average price is GBX 143.49. The firm has a market capitalization of £312.35 million, a PE ratio of 1,100.00, a P/E/G ratio of 2.80 and a beta of 1.62. The company has a debt-to-equity ratio of 59.34, a quick ratio of 0.41 and a current ratio of 0.91.

Halfords Group (LON:HFD) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share (EPS) for the quarter. Halfords Group had a net margin of 1.00% and a return on equity of 5.22%. As a group, equities research analysts forecast that Halfords Group plc will post 9.1143911 earnings per share for the current year.

Halfords Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 12th were paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, December 12th. Halfords Group’s dividend payout ratio (DPR) is 6,153.85%.

About Halfords Group

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.