Speedy Hire (LON:SDY) Stock Price Down 28.7% – Should You Sell?

Speedy Hire Plc (LON:SDY)’s stock price dropped 28.7% on Monday . The company 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 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).

Wall Street Analysts Forecast Growth

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

Speedy Hire Trading Down 28.4 %

The company has a market capitalization of £90.98 million, a PE ratio of 1,970.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The stock’s fifty 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 data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. Sell-side analysts anticipate 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 given 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 is 30,000.00%.

Insider Activity at Speedy Hire

In other Speedy Hire news, insider David J. B. Shearer purchased 150,000 shares of the firm’s stock in a transaction that occurred on 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 purchased 65,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). 5.33% of the stock is 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.