Halfords Group (LON:HFD) Trading Up 13.5% – Here’s What Happened

Halfords Group plc (LON:HFD)’s share price shot up 13.5% during trading on Tuesday . The company traded as high as GBX 153.60 ($1.91) and last traded at GBX 143 ($1.78). 4,323,830 shares changed hands during trading, an increase of 363% from the average session volume of 933,098 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Stock Up 13.5 %

The business has a 50-day moving average price of GBX 134.89 and a 200 day moving average price of GBX 143.49. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 59.34. The stock has a market capitalization of £312.35 million, a P/E ratio of 1,100.00, a P/E/G ratio of 2.80 and a beta of 1.62.

Halfords Group (LON:HFD) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 7.60 ($0.09) earnings per share (EPS) for the quarter. Halfords Group had a return on equity of 5.22% and a net margin of 1.00%. On average, equities analysts expect that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

Halfords Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 12th were paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, December 12th. This represents a dividend yield of 2.32%. Halfords Group’s dividend payout ratio is 6,153.85%.

About Halfords Group

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.