Speedy Hire (LON:SDY) Shares Down 28.4% – Time to Sell?

Speedy Hire Plc (LON:SDY) shares traded down 28.4% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares changed hands during mid-day trading, an increase of 1,395% from the average session volume of 1,299,089 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analysts Forecast Growth

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

Speedy Hire Price Performance

The stock has a market cap of £92.37 million, a P/E ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm’s fifty day moving average is GBX 28.20 and its 200 day moving average is GBX 33.05.

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%. As a group, equities research analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

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

Insider Activity

In other news, insider Shatish D. Dasani purchased 70,000 shares of Speedy Hire stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost 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 Speedy Hire stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,752.84). In the last three months, insiders have acquired 285,000 shares of company stock worth $7,420,000. 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.