Headlam Group (LON:HEAD) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Headlam Group plc (LON:HEAD) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 67.57 and traded as low as GBX 48. Headlam Group shares last traded at GBX 48, with a volume of 56,702 shares trading hands.

Analyst Ratings Changes

Separately, Peel Hunt decreased their price objective on Headlam Group from GBX 150 to GBX 100 and set a “hold” rating for the company in a report on Wednesday, November 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 100.

Headlam Group Stock Performance

The company has a current ratio of 1.29, a quick ratio of 0.72 and a debt-to-equity ratio of 46.58. The firm has a market capitalization of £38.52 million, a P/E ratio of -0.84 and a beta of 1.42. The business’s 50 day simple moving average is GBX 52.02 and its two-hundred day simple moving average is GBX 67.57.

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.