Speedy Hire (LON:SDY) Stock Price Down 28.4% – Should You Sell?

Speedy Hire Plc (LON:SDY)’s share price dropped 28.4% during mid-day trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). Approximately 19,416,518 shares changed hands during mid-day trading, an increase of 1,395% from the average daily 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 set a GBX 70 ($0.88) price objective on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Price Performance

The business’s 50 day moving average is GBX 28.20 and its two-hundred day moving average is GBX 33.05. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last posted its quarterly earnings results 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%. Equities research analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The business also recently announced 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. This represents a yield of 2.76%. The ex-dividend date was Thursday, December 5th. Speedy Hire’s payout ratio is presently 30,000.00%.

Insider Transactions at Speedy Hire

In other news, insider David J. B. Shearer purchased 150,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,506.56). Also, insider Shatish D. Dasani acquired 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,502.19). Over the last ninety days, insiders have bought 285,000 shares of company stock valued at $7,420,000. 5.33% of the stock is currently owned by corporate insiders.

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.