Speedy Hire (LON:SDY) Stock Price Down 28.4% – What’s Next?

Speedy Hire Plc (LON:SDY) dropped 28.4% during mid-day trading 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 mid-day 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).

Analysts Set New Price Targets

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

Speedy Hire Stock Performance

The business’s fifty day moving average price is GBX 28.20 and its two-hundred day moving average price is GBX 33.05. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock has a market capitalization of £92.37 million, a P/E ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last released its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. As a group, sell-side analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

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

Insider Buying and Selling at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner purchased 65,000 shares of Speedy Hire stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,752.84). Also, insider David J. B. Shearer purchased 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,506.56). Insiders purchased a total of 285,000 shares of company stock valued at $7,420,000 in the last three months. 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.