Speedy Hire (LON:SDY) Stock Price Down 28.4% – Here’s Why

Speedy Hire Plc (LON:SDY) fell 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). 19,416,518 shares were traded during 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 Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.88) price target on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Price Performance

The firm has a market capitalization of £92.37 million, a price-to-earnings ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. The stock has a 50 day moving average of GBX 28.20 and a 200 day moving average of GBX 33.05. 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 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%. As a group, analysts expect 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 paid a GBX 0.80 ($0.01) dividend. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s payout ratio is currently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In related news, insider Shatish D. Dasani bought 70,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider David J. B. Shearer bought 150,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,506.56). Insiders purchased a total of 285,000 shares of company stock worth $7,420,000 over the last ninety days. Company 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.