Speedy Hire Plc (LON:SDY) Insider Acquires £42,000 in Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer purchased 150,000 shares of the company’s 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, for a total transaction of £42,000 ($53,245.44).

Speedy Hire Stock Performance

Shares of SDY stock opened at GBX 30.15 ($0.38) on Thursday. The company has a market cap of £139.24 million, a P/E ratio of 2,997.00, a PEG ratio of 0.21 and a beta of 1.25. The business has a 50 day moving average of GBX 33.89 and a two-hundred day moving average of GBX 34.31. Speedy Hire Plc has a 52 week low of GBX 22.50 ($0.29) and a 52 week high of GBX 41 ($0.52). The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

Speedy Hire Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 70 ($0.89) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

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.