Headlam Group (LON:HEAD) Stock Price Passes Below Two Hundred Day Moving Average of $289.39

Headlam Group plc (LON:HEADGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 289.39 ($3.42) and traded as low as GBX 245 ($2.90). Headlam Group shares last traded at GBX 275 ($3.25), with a volume of 86,829 shares trading hands.

Headlam Group Stock Down 5.5 %

The firm’s 50 day simple moving average is GBX 261.07 and its 200 day simple moving average is GBX 289.39. The company has a market cap of £230.82 million and a price-to-earnings ratio of 859.38. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 28.16.

Headlam Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be issued a GBX 6.20 ($0.07) dividend. This represents a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, October 27th. Headlam Group’s dividend payout ratio (DPR) is presently 45.00%.

Insider Activity

In related news, insider Keith Edelman acquired 12,420 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was acquired at an average cost of GBX 240 ($2.84) per share, for a total transaction of £29,808 ($35,246.54).

Headlam Group Company Profile

(Get Rating)

Headlam Group plc, together with its subsidiaries, sells, markets, supplies, and distributes floorcovering and other ancillary products in the United Kingdom and Continental Europe. The company offers its products to residential and commercial sector, such as independent retailers and flooring contractors, as well as other groups, including larger retailers, housebuilders, specifiers, and local contractors.

Further Reading

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