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

Speedy Hire Plc (LON:SDY)’s stock price traded down 26.5% during trading on Monday . The stock 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).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set 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 company has a market cap of £94.68 million, a PE ratio of 2,050.00, a PEG ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The stock’s 50-day moving average is GBX 28.38 and its 200 day moving average is GBX 33.19.

Speedy Hire (LON:SDY) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. On average, equities analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insider Activity

In other news, insider Paul A. Rayner acquired 65,000 shares of the business’s stock in a transaction dated 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). Also, insider David J. B. Shearer bought 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,421.37). Insiders have purchased a total of 285,000 shares of company stock worth $7,420,000 over the last 90 days. 5.33% of the stock is currently owned by corporate insiders.

About Speedy Hire

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.