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

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

Halfords Group Stock Up 13.5 %

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 company has a market capitalization of £312.35 million, a PE ratio of 1,100.00, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The business’s 50-day simple moving average is GBX 134.93 and its 200-day simple moving average is GBX 143.47.

Halfords Group (LON:HFD) last announced its quarterly earnings results 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%. As a group, equities research analysts anticipate that Halfords Group plc will post 9.1143911 EPS for the current fiscal year.

Halfords Group Cuts Dividend

The company 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. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend was Thursday, December 12th. Halfords Group’s payout ratio is currently 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.