Speedy Hire (LON:SDY) Trading Down 26.5% – Time to Sell?

Speedy Hire Plc (LON:SDY)’s stock price fell 26.5% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.20 ($0.25). 24,279,982 shares traded hands during trading, an increase of 1,507% from the average session volume of 1,510,544 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.87) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Price Performance

The business’s fifty day simple moving average is GBX 28.38 and its 200-day simple moving average is GBX 33.19. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm has a market cap of £92.37 million, a P/E ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25.

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 (EPS) for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. As a group, analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were paid a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Insiders Place Their Bets

In other Speedy Hire news, insider Shatish D. Dasani acquired 70,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,473.79). Also, insider Paul A. Rayner acquired 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,715.93). Insiders have bought 285,000 shares of company stock worth $7,420,000 in the last three months. 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.