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

Shares of Speedy Hire Plc (LON:SDY) were down 28.4% on Tuesday . 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 changed 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 issued a GBX 70 ($0.87) price objective on shares of Speedy Hire in a research report on Thursday, November 21st.

Speedy Hire Stock Up 1.3 %

The firm’s fifty day simple moving average is GBX 28.54 and its 200-day simple moving average is GBX 33.33. The company has a market cap of £92.18 million, a PE ratio of 1,996.00, a P/E/G ratio of 0.21 and a beta of 1.25. 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 posted its 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 return on equity of 1.50% and a net margin of 0.64%. As a group, equities research analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share 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. This represents a yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio is presently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In related news, insider Paul A. Rayner bought 65,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). Also, insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,251.80). 5.33% of the stock is owned by 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.