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

Speedy Hire Plc (LON:SDY)’s share price dropped 28.4% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). Approximately 19,416,518 shares were traded 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).

Wall Street Analyst Weigh In

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

Speedy Hire Trading Down 28.4 %

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 has a 50-day moving average of GBX 28.71 and a two-hundred day moving average of GBX 33.48. The firm has a market capitalization of £90.98 million, a P/E ratio of 1,970.00, a P/E/G 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 anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued 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 presently 30,000.00%.

Insider Activity at Speedy Hire

In related news, insider David J. B. Shearer acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,251.80). Also, insider Paul A. Rayner bought 65,000 shares of the business’s stock in a transaction 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 ($22,642.45). 5.33% of the stock is currently owned by company 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.