Speedy Hire (LON:SDY) Shares Up 5.4% – Here’s Why

Shares of Speedy Hire Plc (LON:SDY) were up 5.4% during mid-day trading on Monday . The company traded as high as GBX 19.98 ($0.25) and last traded at GBX 18.97 ($0.24). Approximately 4,186,063 shares traded hands during mid-day trading, an increase of 208% from the average daily volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.23).

Speedy Hire Stock Up 3.5 %

The firm has a market cap of £91.41 million, a PE ratio of 33.56, a PEG ratio of 0.21 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm has a 50 day moving average price of GBX 20.09 and a 200-day moving average price of GBX 27.49.

Insider Buying and Selling

In other Speedy Hire news, insider Paul A. Rayner acquired 12,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were acquired at an average price of GBX 20 ($0.25) per share, for a total transaction of £2,500 ($3,182.28). Also, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,820.77). 5.33% of the stock is owned by insiders.

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.