Speedy Hire (LON:SDY) Sets New 12-Month Low – Should You Sell?

Speedy Hire Plc (LON:SDY)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17 and last traded at GBX 17.12, with a volume of 1797643 shares traded. The stock had previously closed at GBX 17.66.

Analysts Set New Price Targets

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

Speedy Hire Stock Down 3.1%

The stock has a market cap of £78.93 million, a P/E ratio of -2.97, a P/E/G ratio of 0.21 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84. The company has a 50-day simple moving average of GBX 19.32 and a two-hundred day simple moving average of GBX 20.50.

Speedy Hire (LON:SDY) last issued its earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%.The firm had revenue of £416.10 million during the quarter. On average, equities analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current 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.