Speedy Hire (LON:SDY) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 22.57 and traded as low as GBX 20. Speedy Hire shares last traded at GBX 20.60, with a volume of 2,094,915 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 63.

Speedy Hire Price Performance

The firm has a market cap of £98.14 million, a PE ratio of -8.42, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The stock’s fifty day moving average price is GBX 19.97 and its 200-day moving average price is GBX 22.52.

Speedy Hire (LON:SDY) last posted its earnings results on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%.The business had revenue of £416.10 million for the quarter. As a group, equities analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.