Headlam Group (LON:HEAD) Shares Pass Below 200-Day Moving Average of $404.03

Headlam Group plc (LON:HEADGet Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 404.03 ($5.08) and traded as low as GBX 334.22 ($4.21). Headlam Group shares last traded at GBX 355 ($4.47), with a volume of 5,401 shares changing hands.

The company has a debt-to-equity ratio of 18.74, a current ratio of 1.60 and a quick ratio of 0.89. The stock’s fifty day moving average is GBX 369.05 and its 200-day moving average is GBX 403.55. The stock has a market cap of £283.77 million and a PE ratio of 11.75.

The company also recently disclosed a dividend, which will be paid on Friday, May 27th. Investors of record on Thursday, May 5th will be issued a GBX 26.30 ($0.33) dividend. The ex-dividend date is Thursday, May 5th. This represents a dividend yield of 7.62%. This is a positive change from Headlam Group’s previous dividend of $5.80. Headlam Group’s dividend payout ratio is currently 0.27%.

In related news, insider Chris Payne sold 1,328 shares of the company’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of GBX 380 ($4.78), for a total value of £5,046.40 ($6,350.07).

About Headlam Group (LON:HEAD)

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.

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