Speedy Hire (LON:SDY) Stock Price Down 28.1% – What’s Next?

Speedy Hire Plc (LON:SDY) traded down 28.1% during trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.78 ($0.25). 16,701,895 shares traded hands during mid-day trading, an increase of 1,314% from the average session volume of 1,181,062 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 ($0.87) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The firm has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. The firm’s 50-day moving average price is GBX 28.38 and its two-hundred day moving average price is GBX 33.19.

Speedy Hire (LON:SDY) last announced 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 return on equity of 1.50% and a net margin of 0.64%. As a group, research analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors 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 payout ratio is 30,000.00%.

Insider Activity

In related news, insider Paul A. Rayner purchased 65,000 shares of Speedy Hire stock in a transaction on Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,715.93). Also, insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,421.37). Insiders bought a total of 285,000 shares of company stock worth $7,420,000 in the last three months. 5.33% of the stock is owned by insiders.

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.