Headlam Group (LON:HEAD) Trading Up 9% – Should You Buy?

Shares of Headlam Group plc (LON:HEAD) rose 9% on Wednesday . The company traded as high as GBX 49.50 and last traded at GBX 45.80. Approximately 1,886,746 shares were traded during trading, an increase of 396% from the average daily volume of 380,543 shares. The stock had previously closed at GBX 42.

Headlam Group Price Performance

The firm has a market cap of £33.72 million, a PE ratio of -0.41 and a beta of 0.82. 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 stock has a 50 day moving average price of GBX 38.24 and a two-hundred day moving average price of GBX 43.89.

Headlam Group (LON:HEAD) 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%. As a group, equities analysts expect that Headlam Group plc will post 7.3753605 earnings per share for the current year.

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.