Speedy Hire (LON:SDY) Trading Up 10% – Here’s Why

Speedy Hire Plc (LON:SDY)’s stock price rose 10% during mid-day trading on Tuesday . The company traded as high as GBX 22.65 and last traded at GBX 22.65. Approximately 952,376 shares were traded during trading, a decline of 11% from the average daily volume of 1,074,933 shares. The stock had previously closed at GBX 20.60.

Speedy Hire Trading Up 10.0%

The company’s 50 day simple moving average is GBX 23.96 and its 200 day simple moving average is GBX 25.19. The company has a debt-to-equity ratio of 171.05, a current ratio of 0.46 and a quick ratio of 0.90. The firm has a market cap of £104.36 million, a price-to-earnings ratio of -8.95, a P/E/G ratio of 0.21 and a beta of 0.82.

Insiders Place Their Bets

In other Speedy Hire news, insider Rhian Bartlett bought 1,760,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average price of GBX 26 per share, for a total transaction of £457,600. 2.41% 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. 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.