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

Speedy Hire Plc (LON:SDY) fell 28.4% on Tuesday . The stock 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).

Analyst Upgrades and Downgrades

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

Speedy Hire Trading Up 2.6 %

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 firm has a fifty day moving average price of GBX 28.20 and a 200 day moving average price of GBX 33.05. The company has a market cap of £92.84 million, a price-to-earnings ratio of 2,010.20, a P/E/G ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The firm also recently declared 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 was Thursday, December 5th. Speedy Hire’s payout ratio is currently 30,000.00%.

Insiders Place Their Bets

In related news, insider Paul A. Rayner bought 65,000 shares of Speedy Hire stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,752.84). Also, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Insiders have acquired a total of 285,000 shares of company stock valued at $7,420,000 over the last 90 days. 5.33% of the stock is currently 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.