Speedy Hire (LON:SDY) Trading Down 27.1% – Should You Sell?

Shares of Speedy Hire Plc (LON:SDY) were down 27.1% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.06 ($0.25). Approximately 22,589,051 shares traded hands during mid-day trading, an increase of 1,472% from the average daily volume of 1,437,025 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.86) target price on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Price Performance

The business’s fifty day moving average is GBX 28.71 and its 200-day moving average is GBX 33.48. 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 £93.29 million, a PE ratio of 2,020.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last posted 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%. On average, research analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Paul A. Rayner acquired 65,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 28 ($0.34) per share, for a total transaction of £18,200 ($22,361.47). Also, insider David J. B. Shearer acquired 150,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of GBX 28 ($0.34) per share, with a total value of £42,000 ($51,603.39). Company 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.