Headlam Group (LON:HEAD) Share Price Crosses Below 200-Day Moving Average of $306.43

Headlam Group plc (LON:HEAD)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $306.43 and traded as low as $265.00. Headlam Group shares last traded at $273.00, with a volume of 146,771 shares traded.

Separately, Peel Hunt raised Headlam Group to a “buy” rating in a research report on Monday, July 27th.

The company has a market capitalization of $231.81 million and a price-to-earnings ratio of -24.38. The business has a 50-day simple moving average of GBX 276.20 and a two-hundred day simple moving average of GBX 306.43. The company has a debt-to-equity ratio of 44.16, a quick ratio of 1.03 and a current ratio of 2.06.

In related news, insider Keith Edelman bought 7,059 shares of the stock in a transaction dated Tuesday, July 28th. The stock was bought at an average cost of GBX 282 ($3.68) per share, with a total value of £19,906.38 ($26,011.21).

Headlam Group Company Profile (LON:HEAD)

Headlam Group plc, through its subsidiaries, sells, markets, supplies, and distributes floorcovering and other ancillary products. The company's products include floorcovering products comprising carpet, residential vinyl, wood, laminate, luxury vinyl tile, rugs, and underlay and commercial flooring.

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