Halfords Group (LON:HFD) Trading 17.5% Higher – Time to Buy?

Shares of Halfords Group plc (LON:HFD) shot up 17.5% during trading on Tuesday . The stock traded as high as GBX 153.60 ($1.91) and last traded at GBX 148 ($1.84). 9,295,694 shares traded hands during mid-day trading, an increase of 678% from the average session volume of 1,194,775 shares. The stock had previously closed at GBX 126 ($1.57).

Halfords Group Trading Up 17.5 %

The company’s 50 day simple moving average is GBX 134.89 and its 200 day simple moving average is GBX 143.49. The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The firm has a market cap of £323.28 million, a price-to-earnings ratio of 1,138.46, a P/E/G ratio of 2.80 and a beta of 1.62.

Halfords Group (LON:HFD) last issued 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 net margin of 1.00% and a return on equity of 5.22%. As a group, research analysts expect that Halfords Group plc will post 9.1143911 earnings per share for the current fiscal year.

Halfords Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 12th were paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a dividend yield of 2.32%. 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.