Speedy Hire (LON:SDY) Trading Down 27.1% – Should You Sell?

Speedy Hire Plc (LON:SDY) fell 27.1% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.06 ($0.25). 22,589,051 shares were traded during trading, an increase of 1,472% from the average session volume of 1,437,025 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

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

Speedy Hire Stock Down 26.5 %

The firm has a market cap of £93.29 million, a P/E ratio of 2,020.00, a P/E/G ratio of 0.21 and a beta of 1.25. 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 firm’s fifty day moving average is GBX 28.71 and its 200 day moving average is GBX 33.48.

Speedy Hire (LON:SDY) last announced 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%. As a group, equities research analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The firm also recently disclosed 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. This represents a yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In other news, insider David J. B. Shearer bought 150,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of GBX 28 ($0.34) per share, for a total transaction of £42,000 ($51,603.39). Also, insider Paul A. Rayner bought 65,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average price of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). 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.