Speedy Hire (LON:SDY) Shares Down 28.4% – Should You Sell?

Speedy Hire Plc (LON:SDY)’s share price traded down 28.4% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares changed hands during mid-day trading, an increase of 1,395% from the average session volume of 1,299,089 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 70 ($0.88) target price on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Stock Performance

The business has a 50 day moving average of GBX 28.20 and a 200-day moving average of GBX 33.05. The stock has a market cap of £92.37 million, a PE ratio of 2,000.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48.

Speedy Hire (LON:SDY) last posted its quarterly earnings results 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%. On average, analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were given 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%.

Insiders Place Their Bets

In related news, insider David J. B. Shearer acquired 150,000 shares of the 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 ($52,506.56). Also, insider Paul A. Rayner acquired 65,000 shares of the business’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, for a total transaction of £18,200 ($22,752.84). Over the last three months, insiders have acquired 285,000 shares of company stock valued at $7,420,000. Company insiders own 5.33% of the company’s stock.

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.