Speedy Hire (LON:SDY) Stock Price Up 5.4% – Here’s Why

Shares of Speedy Hire Plc (LON:SDY) shot up 5.4% during mid-day trading on Monday . The stock traded as high as GBX 19.98 ($0.25) and last traded at GBX 18.97 ($0.24). 4,186,063 shares were traded during trading, an increase of 208% from the average session volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.23).

Speedy Hire Price Performance

The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The firm has a market cap of £91.41 million, a price-to-earnings ratio of 33.56, a PEG ratio of 0.21 and a beta of 1.25. The stock has a 50-day moving average price of GBX 20.09 and a 200 day moving average price of GBX 27.49.

Insiders Place Their Bets

In other Speedy Hire news, insider Paul A. Rayner bought 12,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £2,500 ($3,182.28). Also, insider Shatish D. Dasani purchased 70,000 shares of Speedy Hire stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,820.77). 5.33% of the stock is currently owned by corporate insiders.

About Speedy Hire

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.