Speedy Hire (LON:SDY) Shares Down 26.5% – What’s Next?

Speedy Hire Plc (LON:SDY) fell 26.5% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.20 ($0.25). 24,279,982 shares were traded during trading, an increase of 1,507% from the average session volume of 1,510,544 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.87) price objective on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Price Performance

The firm has a market capitalization of £92.37 million, a P/E ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25. The business’s 50-day simple moving average is GBX 28.38 and its 200 day simple moving average is GBX 33.19. 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 released its 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%. 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 announced 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. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Insider Buying and Selling

In other news, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,473.79). Also, insider Paul A. Rayner purchased 65,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,715.93). Insiders have purchased a total of 285,000 shares of company stock worth $7,420,000 in the last ninety days. 5.33% of the stock is owned by 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.