Speedy Hire (LON:SDY) Stock Price Down 28.4% – Time to Sell?

Speedy Hire Plc (LON:SDY) shares were down 28.4% on Monday . 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 traded hands during 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 Analysts Forecast Growth

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

Speedy Hire Stock Performance

The company’s fifty day simple moving average is GBX 28.20 and its two-hundred day simple moving average is GBX 33.05. 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 company has a market capitalization 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.

Speedy Hire (LON:SDY) last posted its 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%. Research analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The company also recently announced 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. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Insiders Place Their Bets

In related news, insider David J. B. Shearer acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). Also, insider Shatish D. Dasani acquired 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Over the last three months, insiders have bought 285,000 shares of company stock worth $7,420,000. Company 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.