Speedy Hire (LON:SDY) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Speedy Hire Plc (LON:SDY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $57.60. Speedy Hire shares last traded at $57.00, with a volume of 540,880 shares.

Several research firms have recently commented on SDY. Peel Hunt upped their price target on shares of Blancco Technology Group from GBX 154 ($2.01) to GBX 173 ($2.26) and gave the stock a “buy” rating in a research report on Thursday, July 11th. Liberum Capital upped their price target on shares of Moneysupermarket.Com Group from GBX 520 ($6.79) and gave the stock a “buy” rating in a research report on Thursday, July 11th.

The company has a market capitalization of $299.45 million and a price-to-earnings ratio of 13.57. The stock has a fifty day moving average price of GBX 61.59. The company has a debt-to-equity ratio of 47.92, a quick ratio of 1.17 and a current ratio of 1.30.

The business also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be issued a GBX 1.40 ($0.02) dividend. The ex-dividend date is Thursday, July 4th. This represents a yield of 2.22%. This is an increase from Speedy Hire’s previous dividend of $0.60. Speedy Hire’s dividend payout ratio is presently 0.48%.

In related news, insider David J. B. Shearer acquired 100,000 shares of Speedy Hire stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of GBX 64 ($0.84) per share, with a total value of £64,000 ($83,627.34).

About Speedy Hire (LON:SDY)

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, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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