Speedy Hire (LON:SDY) Shares Down 28% – Here’s Why

Speedy Hire Plc (LON:SDY) shares traded down 28% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.80 ($0.25). 11,274,928 shares changed hands during trading, an increase of 1,093% from the average session volume of 945,107 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analysts Forecast Growth

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

Speedy Hire Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The company has a market cap of £92.37 million, a PE ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25. The stock has a 50 day moving average price of GBX 28.38 and a 200 day moving average price of GBX 33.19.

Speedy Hire (LON:SDY) last announced its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. Sell-side analysts predict that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

The firm 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 was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio (DPR) is currently 30,000.00%.

Insider Buying and Selling

In related news, insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,421.37). Also, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,473.79). Insiders have acquired 285,000 shares of company stock valued at $7,420,000 over the last quarter. Corporate insiders own 5.33% of the company’s stock.

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.