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

Speedy Hire Plc (LON:SDY)’s share price was down 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 mid-day 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 reaffirmed a “buy” rating and set a GBX 70 ($0.88) price objective on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Price Performance

The stock has a market cap of £92.37 million, a price-to-earnings ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25. The company’s 50 day moving average is GBX 28.20 and its 200 day moving average is GBX 33.05. 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 posted its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share (EPS) for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. Research analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Shareholders 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 acquired 70,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 the company’s stock in a transaction on 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). Over the last 90 days, insiders have bought 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.