Speedy Hire (LON:SDY) Stock Price Down 28% – What’s Next?

Speedy Hire Plc (LON:SDY)’s share price was down 28% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.80 ($0.25). Approximately 11,274,928 shares traded hands during trading, an increase of 1,093% from the average daily volume of 945,107 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 70 ($0.87) target price 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 quick ratio of 0.90 and a current ratio of 0.94. The stock’s 50 day moving average price is GBX 28.38 and its 200-day moving average price is GBX 33.19. The company has a market cap of £92.37 million, a PE ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The business also recently declared 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 was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s payout ratio is 30,000.00%.

Insider Buying and Selling at Speedy Hire

In other Speedy Hire news, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,473.79). Also, insider Paul A. Rayner acquired 65,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,715.93). Over the last 90 days, insiders purchased 285,000 shares of company stock worth $7,420,000. 5.33% of the stock is currently owned by insiders.

About Speedy Hire

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.