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

Speedy Hire Plc (LON:SDY) fell 28.4% 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 changed hands during mid-day 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).

Analysts Set New Price Targets

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

Speedy Hire Price Performance

The firm has a market capitalization 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 debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The stock has a 50 day moving average price of GBX 28.20 and a two-hundred day moving average price of GBX 33.05.

Speedy Hire (LON:SDY) last released its 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, analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders 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 dividend yield of 2.76%. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Insider Transactions at Speedy Hire

In other Speedy Hire news, insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,506.56). Also, insider Paul A. Rayner bought 65,000 shares of Speedy Hire stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,752.84). In the last ninety days, insiders acquired 285,000 shares of company stock valued at $7,420,000. 5.33% of the stock is currently owned by corporate 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.