Insider Buying: Speedy Hire Plc (LON:SDY) Insider Buys 12,500 Shares of Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner acquired 12,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average price of GBX 20 ($0.25) per share, with a total value of £2,500 ($3,125.39).

Speedy Hire Trading Up 1.9 %

Shares of Speedy Hire stock traded up GBX 0.37 ($0.00) on Thursday, reaching GBX 19.97 ($0.25). The company had a trading volume of 4,262,682 shares, compared to its average volume of 1,697,802. The firm has a market cap of £92.24 million, a PE ratio of 1,997.30, a PEG 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. Speedy Hire Plc has a 52-week low of GBX 18.39 ($0.23) and a 52-week high of GBX 41 ($0.51). The firm’s 50 day moving average price is GBX 28.20 and its two-hundred day moving average price is GBX 33.05.

Speedy Hire (LON:SDY) last issued 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 return on equity of 1.50% and a net margin of 0.64%. Sell-side analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were given 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 dividend payout ratio is presently 30,000.00%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 70 ($0.88) price target on shares of Speedy Hire in a report 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.