Speedy Hire (LON:SDY) Shares Down 28.7% – Time to Sell?

Speedy Hire Plc (LON:SDY) was down 28.7% during mid-day trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.60 ($0.24). Approximately 26,067,354 shares traded hands during mid-day trading, an increase of 1,541% from the average daily volume of 1,588,256 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 ($0.86) price target on shares of Speedy Hire in a research report on Thursday, November 21st.

Speedy Hire Price Performance

The firm has a fifty day moving average of GBX 28.71 and a 200 day moving average of GBX 33.48. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The company has a market capitalization of £90.98 million, a P/E ratio of 1,970.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were paid 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 currently 30,000.00%.

Insider Buying and Selling

In other Speedy Hire news, insider Paul A. Rayner acquired 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). Also, insider David J. B. Shearer bought 150,000 shares of Speedy Hire stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of GBX 28 ($0.34) per share, with a total value of £42,000 ($51,603.39). 5.33% of the stock is currently owned by corporate insiders.

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.