Headlam Group (LON:HEAD) Trading Up 10.2% – Here’s What Happened

Shares of Headlam Group plc (LON:HEADGet Free Report) were up 10.2% on Wednesday . The stock traded as high as GBX 36.49 and last traded at GBX 35.80. Approximately 1,472,953 shares were traded during mid-day trading, an increase of 578% from the average daily volume of 217,199 shares. The stock had previously closed at GBX 32.50.

Headlam Group Trading Up 17.0%

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 company has a fifty day moving average of GBX 37.73 and a two-hundred day moving average of GBX 44.99. The stock has a market capitalization of £35.97 million, a price-to-earnings ratio of -0.44 and a beta of 0.82.

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

About Headlam Group

(Get Free Report)

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.

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