Headlam Group (LON:HEAD) Shares Trade Above 200-Day Moving Average

January 16, 2025 05:34 AM IST | By Team Kalkine Media
 Headlam Group (LON:HEAD) Shares Trade Above 200-Day Moving Average
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Highlights

  • Key Threshold Crossed Headlam Group (LON:HEAD) stock moved above its 200-day moving average.
  • Market Activity Shares traded at GBX 139.50 with a volume of 16,159 shares.
  • Insider Purchase Jemima Bird acquired 7,677 shares in a recent transaction.

Headlam Group plc (LON:HEAD), a leading distributor of floorcoverings in the UK and a notable player in the LON consumer stocks segment, saw its stock cross above the 200-day moving average during recent trading. The stock reached a high of GBX 140.25, surpassing the 200-day average of GBX 138.69. It last traded at GBX 139.50, reflecting a 0.7% increase, with 16,159 shares changing hands.

Stock Metrics and Market Position

Headlam Group's 50-day moving average stands at GBX 134.77, indicating a steady upward trend. The company has a market capitalization of £113.51 million and a beta of 1.42, showcasing its position in the LON consumer stocks segment. Key financial ratios include a price-to-earnings ratio of -936.67, a quick ratio of 0.72, a current ratio of 1.29, and a debt-to-equity ratio of 46.58.

Recent insider activity highlights Jemima Bird’s acquisition of 7,677 shares on December 20th. The transaction was completed at an average price of GBX 147 per share. Corporate insiders collectively hold 4.26% of the company's stock, reflecting active participation in the company's growth strategy.

About Headlam Group

Headlam Group has been a cornerstone of the UK’s floorcovering distribution market for over 30 years. With a network of approximately 17 distribution branches, 76 trade counters, and over 2,030 employees, the company offers an extensive product range sourced from global suppliers. Its diverse customer base includes independent and multiple retailers, contractors, and house builders, showcasing its broad market reach.

As part of the LON consumer stocks, Headlam Group continues to build on its reputation for efficient market access and a comprehensive product portfolio, supporting its leadership in the floorcovering distribution industry.


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