Speedy Hire (LON:SDY) Trading Down 26.4% – Here’s Why

Speedy Hire Plc (LON:SDY) shares dropped 26.4% during trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.24 ($0.25). Approximately 19,997,867 shares traded hands during mid-day trading, an increase of 1,410% from the average daily volume of 1,324,365 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Ratings Changes

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

Speedy Hire Price Performance

The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock’s 50-day moving average price is GBX 28.38 and its two-hundred day moving average price is GBX 33.19. The stock has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were paid a GBX 0.80 ($0.01) dividend. 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 currently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In other news, insider Shatish D. Dasani acquired 70,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,473.79). Also, insider David J. B. Shearer bought 150,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,421.37). Over the last 90 days, insiders purchased 285,000 shares of company stock worth $7,420,000. 5.33% of the stock is owned by 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.