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

Speedy Hire Plc (LON:SDY)’s stock price traded down 28.4% during trading on Monday . The company 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 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).

Analyst Upgrades and Downgrades

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

Speedy Hire Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The stock has a market cap of £92.37 million, a price-to-earnings ratio of 2,000.00, a price-to-earnings-growth 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.

Speedy Hire (LON:SDY) last announced its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. 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 firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were given a GBX 0.80 ($0.01) dividend. This represents a yield of 2.76%. The ex-dividend date was Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is currently 30,000.00%.

Insiders Place Their Bets

In other Speedy Hire news, insider Shatish D. Dasani acquired 70,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was purchased 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 acquired 150,000 shares of Speedy Hire stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). Over the last ninety days, insiders purchased 285,000 shares of company stock worth $7,420,000. 5.33% of the stock is currently owned by company 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.