Speedy Hire (LON:SDY) Shares Pass Below 200 Day Moving Average – Here’s Why

Speedy Hire Plc (LON:SDY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 34.21 ($0.43) and traded as low as GBX 29.42 ($0.37). Speedy Hire shares last traded at GBX 30.05 ($0.38), with a volume of 768,492 shares trading hands.

Speedy Hire Stock Down 1.5 %

The business has a 50 day simple moving average of GBX 35 and a 200-day simple moving average of GBX 34.21. The firm has a market capitalization of £138.78 million, a price-to-earnings ratio of 3,005.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Insider Buying and Selling at Speedy Hire

In related news, insider Paul A. Rayner bought 105,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of GBX 36 ($0.45) per share, with a total value of £37,800 ($47,637.05). 5.33% of the stock is currently 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.