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

Speedy Hire Plc (LON:SDY)’s stock price traded down 26.5% on Monday . The stock 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).

Analyst Ratings Changes

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

Speedy Hire Price Performance

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 stock has a 50-day moving average price of GBX 28.38 and a 200 day moving average price of GBX 33.19. The stock has a market capitalization of £94.68 million, a price-to-earnings ratio of 2,050.00, a PEG ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors 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 (DPR) is presently 30,000.00%.

Insider Activity at Speedy Hire

In other Speedy Hire news, insider Shatish D. Dasani purchased 70,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of GBX 20 ($0.25) per share, with a total value 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 acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,715.93). In the last three months, insiders have purchased 285,000 shares of company stock valued at $7,420,000. 5.33% of the stock is 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.