Speedy Hire (LON:SDY) Reaches New 52-Week Low – Here’s What Happened

Speedy Hire Plc (LON:SDY)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as GBX 12.50 and last traded at GBX 12.70, with a volume of 4,008,365 shares changing hands. The stock had previously closed at GBX 12.74.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating on the stock in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 53.

Speedy Hire Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 224.84. The stock’s fifty day simple moving average is GBX 15.55 and its 200 day simple moving average is GBX 19.94. The company has a market cap of £58.55 million, a price-to-earnings ratio of -2.20, a P/E/G ratio of 0.21 and a beta of 0.70.

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.