Speedy Hire (LON:SDY) Trading Down 28% – Here’s Why

Speedy Hire Plc (LON:SDY)’s stock price fell 28% on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.80 ($0.25). 27,005,754 shares were traded during trading, an increase of 1,558% from the average session volume of 1,629,056 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Upgrades and Downgrades

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

Speedy Hire Price Performance

The stock’s fifty day moving average price is GBX 28.20 and its 200-day moving average price is GBX 33.05. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The firm has a market cap of £92.37 million, a price-to-earnings 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 announced its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. Equities research analysts predict that Speedy Hire Plc will post 3.6102868 EPS 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. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio is presently 30,000.00%.

Insider Buying and Selling

In other news, insider Shatish D. Dasani acquired 70,000 shares of Speedy Hire stock in a transaction on Monday, February 3rd. The shares were purchased 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 purchased 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). Insiders acquired a total of 285,000 shares of company stock valued at $7,420,000 over the last ninety days. 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.