Speedy Hire (LON:SDY) Trading Down 28.4% – Here’s Why

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 were traded 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).

Wall Street Analysts Forecast Growth

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

Speedy Hire Stock Performance

The firm has a market cap 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 has a 50-day moving average price of GBX 28.20 and a two-hundred day moving average price of GBX 33.05. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

Speedy Hire (LON:SDY) last released its earnings results 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%. Research analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insider Buying and Selling

In other Speedy Hire news, insider Paul A. Rayner bought 65,000 shares of Speedy Hire stock in a transaction on Friday, November 22nd. The shares were bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,752.84). Also, insider David J. B. Shearer bought 150,000 shares of Speedy Hire stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). Over the last 90 days, insiders have purchased 285,000 shares of company stock worth $7,420,000. 5.33% of the stock is owned by corporate 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.