Speedy Hire (LON:SDY) Trading Down 28% – What’s Next?

Speedy Hire Plc (LON:SDY)’s share price fell 28% during mid-day trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.80 ($0.25). 27,005,754 shares were traded during trading, an increase of 1,558% from the average session volume of 1,629,056 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 70 ($0.88) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Price Performance

The firm has a fifty day simple moving average of GBX 28.20 and a 200 day simple moving average of GBX 33.05. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The company has a market cap of £92.37 million, a PE ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share (EPS) for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. Equities research analysts predict that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were paid a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s payout ratio is currently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In related news, insider Shatish D. Dasani acquired 70,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider Paul A. Rayner purchased 65,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,752.84). Insiders have acquired 285,000 shares of company stock valued at $7,420,000 in the last quarter. Corporate insiders own 5.33% of the company’s stock.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.