Speedy Hire (LON:SDY) Stock Price Down 28.4% – What’s Next?

Speedy Hire Plc (LON:SDY) fell 28.4% 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 traded 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).

Analysts Set New Price Targets

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

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 stock’s fifty day moving average is GBX 28.20 and its 200-day moving average is GBX 33.05. The stock 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.

Speedy Hire (LON:SDY) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. As a group, equities 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. Stockholders of record on Thursday, December 5th were paid a dividend of GBX 0.80 ($0.01) per share. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is currently 30,000.00%.

Insider Buying and Selling

In other news, insider Shatish D. Dasani acquired 70,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider David J. B. Shearer bought 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,506.56). Insiders have bought a total of 285,000 shares of company stock valued at $7,420,000 over the last three months. 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.