Headlam Group (LON:HEAD) Reaches New 12-Month Low – What’s Next?

Headlam Group plc (LON:HEAD) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 42.60 and last traded at GBX 42.80, with a volume of 255535 shares. The stock had previously closed at GBX 42.70.

Analyst Upgrades and Downgrades

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

Headlam Group Stock Up 0.2%

The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 46.58. The firm has a market cap of £34.35 million, a PE ratio of -0.75 and a beta of 1.42. The firm’s 50 day moving average is GBX 46.09 and its 200-day moving average is GBX 55.64.

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.