Speedy Hire (LON:SDY) Trading Down 27.1% – Here’s Why

Speedy Hire Plc (LON:SDY)’s stock price was down 27.1% during mid-day trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.06 ($0.25). Approximately 22,589,051 shares were traded during mid-day trading, an increase of 1,472% from the average daily volume of 1,437,025 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Ratings Changes

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

Speedy Hire Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The company’s fifty day moving average price is GBX 28.38 and its two-hundred day moving average price is GBX 33.19. The firm has a market cap 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 return on equity of 1.50% and a net margin of 0.64%. As a group, sell-side analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insider Buying and Selling at Speedy Hire

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