Speedy Hire (LON:SDY) Shares Down 28.4% – Time to Sell?

Speedy Hire Plc (LON:SDY) shares fell 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 ($0.24). 19,416,518 shares were traded during trading, an increase of 1,395% from the average session volume of 1,299,089 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Upgrades and Downgrades

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

Speedy Hire Stock Performance

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 has a market capitalization of £90.98 million, a price-to-earnings ratio of 1,970.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The firm’s 50-day moving average price is GBX 28.71 and its two-hundred day moving average price is GBX 33.48.

Speedy Hire (LON:SDY) last issued 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%. Sell-side analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

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

Insider Buying and Selling

In other Speedy Hire news, insider David J. B. Shearer purchased 150,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 28 ($0.34) per share, with a total value of £42,000 ($51,603.39). Also, insider Paul A. Rayner bought 65,000 shares of the business’s stock in a transaction dated 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). 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.