James Halstead (LON:JHD) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

James Halstead plc (LON:JHD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 146.78 and traded as low as GBX 134. James Halstead shares last traded at GBX 134, with a volume of 332,529 shares trading hands.

James Halstead Stock Performance

The stock has a market cap of £560.58 million, a P/E ratio of 13.87, a PEG ratio of 3.19 and a beta of 0.31. The company has a debt-to-equity ratio of 3.52, a current ratio of 3.34 and a quick ratio of 1.13. The company has a fifty day moving average of GBX 139.14 and a 200 day moving average of GBX 146.78.

James Halstead (LON:JHD) last issued its quarterly earnings results on Wednesday, October 1st. The company reported GBX 9.70 earnings per share (EPS) for the quarter. James Halstead had a return on equity of 23.72% and a net margin of 15.10%. On average, equities analysts predict that James Halstead plc will post 10.670194 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David Drillingcourt bought 14,753 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were purchased at an average cost of GBX 136 per share, with a total value of £20,064.08. Also, insider Gordon Oliver purchased 8,500 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of GBX 136 per share, for a total transaction of £11,560. Company insiders own 8.98% of the company’s stock.

James Halstead Company Profile

James Halstead (LSE: JHD) is a global manufacturer and supplier of flooring for commercial and domestic purposes. It has manufacturing operations across the United Kingdom, Europe and Scandinavia, Australasia and Asia, and Rest of the World markets and supplies to customers all around the world. The Company’s brands include Polyflor, Palettone, Camaro, Polysafe, Recofloor and Expona.