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

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

Analyst Ratings Changes

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

Speedy Hire Stock Performance

The stock’s 50-day moving average is GBX 28.20 and its 200 day moving average is GBX 33.05. The stock has a market cap of £92.37 million, a price-to-earnings ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

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 for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. As a group, 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 declared 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 was Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Insider Activity at Speedy Hire

In related news, insider David J. B. Shearer acquired 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). Also, insider Paul A. Rayner acquired 65,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost 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 valued at $7,420,000. Insiders own 5.33% of the company’s stock.

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.