Speedy Hire (LON:SDY) Stock Price Down 28.1% – Should You Sell?

Speedy Hire Plc (LON:SDY) shares dropped 28.1% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.78 ($0.25). Approximately 16,701,895 shares changed hands during mid-day trading, an increase of 1,314% from the average daily volume of 1,181,062 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 set a GBX 70 ($0.87) target price on shares of Speedy Hire in a research report on Thursday, November 21st.

Speedy Hire Price Performance

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

Speedy Hire (LON:SDY) last issued its quarterly earnings results 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%. As a group, sell-side analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were issued 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 presently 30,000.00%.

Insiders Place Their Bets

In other Speedy Hire news, insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,715.93). Also, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,473.79). Insiders have purchased 285,000 shares of company stock worth $7,420,000 in the last ninety days. 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.