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

Speedy Hire Plc (LON:SDY)’s stock price was up 5.4% on Tuesday . The company traded as high as GBX 19.98 ($0.26) and last traded at GBX 18.97 ($0.25). Approximately 4,186,063 shares changed hands during mid-day trading, an increase of 208% from the average daily volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.23).

Speedy Hire Price Performance

The company has a 50-day moving average of GBX 19.44 and a two-hundred day moving average of GBX 27.13. 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 stock has a market capitalization of £90.28 million, a PE ratio of 33.14, a P/E/G ratio of 0.21 and a beta of 1.25.

Insider Transactions at Speedy Hire

In other news, insider Shatish D. Dasani acquired 70,000 shares of Speedy Hire stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of GBX 20 ($0.26) per share, for a total transaction of £14,000 ($18,172.38). Also, insider Paul A. Rayner purchased 12,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 20 ($0.26) per share, with a total value of £2,500 ($3,245.07). 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.