Speedy Hire (LON:SDY) Stock Price Down 28.4% – Time to Sell?

Speedy Hire Plc (LON:SDY) traded down 28.4% on Monday . 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 Ratings Changes

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

Speedy Hire Trading Down 28.4 %

The company has a fifty day moving average of GBX 28.54 and a two-hundred day moving average of GBX 33.33. The stock has a market capitalization of £90.98 million, a price-to-earnings ratio of 1,970.00, a P/E/G ratio of 0.21 and a beta of 1.25. 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 (LON:SDY) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. On average, research analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

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

Insider Activity

In other news, insider Paul A. Rayner purchased 65,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). Also, insider David J. B. Shearer bought 150,000 shares of the stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,251.80). Company insiders own 5.33% of the company’s stock.

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.