Headlam Group (LON:HEAD) Trading Up 10.3% – Still a Buy?

Headlam Group plc (LON:HEAD)’s stock price was up 10.3% during mid-day trading on Thursday . The company traded as high as GBX 33.99 and last traded at GBX 33.10. Approximately 1,591,890 shares were traded during trading, an increase of 337% from the average daily volume of 363,994 shares. The stock had previously closed at GBX 30.

Headlam Group Stock Performance

The firm has a market capitalization of £26.67 million, a price-to-earnings ratio of -0.33 and a beta of 0.82. The company has a quick ratio of 0.72, a current ratio of 1.15 and a debt-to-equity ratio of 114.27. The stock has a 50-day moving average price of GBX 38.39 and a 200 day moving average price of GBX 44.32.

Headlam Group (LON:HEAD) last announced its quarterly earnings results on Wednesday, March 25th. The company reported GBX (44.10) earnings per share (EPS) for the quarter. Headlam Group had a negative net margin of 16.42% and a negative return on equity of 61.90%. On average, analysts forecast that Headlam Group plc will post 7.3753605 EPS for the current year.

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.