Speedy Hire (LON:SDY) Stock Price Down 28.4% – Should You Sell?

Shares of Speedy Hire Plc (LON:SDY) were down 28.4% during mid-day trading 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 traded hands 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).

Wall Street Analyst Weigh In

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

Speedy Hire Trading Down 28.4 %

The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The company has a market cap of £90.98 million, a PE ratio of 1,970.00, a PEG ratio of 0.21 and a beta of 1.25. The firm’s 50 day moving average is GBX 28.54 and its 200 day moving average is GBX 33.33.

Speedy Hire (LON:SDY) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

The business also recently declared 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 of this dividend 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 related news, insider David J. B. Shearer purchased 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price 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 company’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). 5.33% of the stock is currently 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.