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

Speedy Hire Plc (LON:SDY) 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 traded hands 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).

Wall Street Analyst Weigh In

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

Speedy Hire Price Performance

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 firm has a fifty day moving average price of GBX 28.20 and a 200-day moving average price of 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.

Speedy Hire (LON:SDY) last posted 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 forecast that Speedy Hire Plc will post 3.6102868 EPS for the current 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 2.76%. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Insider Activity

In other Speedy Hire news, insider David J. B. Shearer purchased 150,000 shares of Speedy Hire stock in a transaction on Monday, November 25th. The shares were purchased 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 acquired 65,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,752.84). Insiders purchased 285,000 shares of company stock valued at $7,420,000 in the last ninety days. Company insiders own 5.33% of the company’s stock.

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.