Headlam Group (LON:HEAD) Trading Down 9.9% – Here’s Why

Headlam Group plc (LON:HEADGet Free Report) shares dropped 9.9% on Tuesday . The stock traded as low as GBX 20.80 and last traded at GBX 20.90. Approximately 1,521,568 shares traded hands during trading, an increase of 249% from the average daily volume of 435,645 shares. The stock had previously closed at GBX 23.20.

Headlam Group Stock Down 9.9%

The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 114.27. The business’s fifty day moving average price is GBX 35.35 and its two-hundred day moving average price is GBX 41.79. The firm has a market cap of £16.78 million, a P/E ratio of -0.20 and a beta of 0.82.

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

Headlam Group Company Profile

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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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