Speedy Hire (LON:SDY) Stock Price Down 28.7% – What’s Next?

Shares of Speedy Hire Plc (LON:SDY) fell 28.7% during trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.60 ($0.24). 26,067,354 shares traded hands during mid-day trading, an increase of 1,541% from the average session volume of 1,588,256 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

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

Speedy Hire Stock Performance

The company has a market capitalization of £92.37 million, a P/E ratio of 2,000.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company’s 50 day moving average is GBX 28.38 and its 200-day moving average is GBX 33.19. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48.

Speedy Hire (LON:SDY) last released 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 net margin of 0.64% and a return on equity of 1.50%. Equities analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Paul A. Rayner acquired 65,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,715.93). Also, insider Shatish D. Dasani purchased 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,473.79). Over the last three months, insiders have bought 285,000 shares of company stock valued at $7,420,000. Insiders own 5.33% of the company’s stock.

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.