Speedy Hire (LON:SDY) Reaches New 12-Month Low – Here’s What Happened

Shares of Speedy Hire Plc (LON:SDY) hit a new 52-week low on Wednesday . The company traded as low as GBX 16 and last traded at GBX 16, with a volume of 1045950 shares trading hands. The stock had previously closed at GBX 16.26.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 63.

Speedy Hire Stock Down 1.6%

The company has a 50-day moving average of GBX 18.94 and a 200-day moving average of GBX 20.20. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 224.84. The company has a market capitalization of £73.77 million, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70.

Speedy Hire (LON:SDY) last announced its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The company had revenue of £416.10 million during the quarter. Speedy Hire had a negative net margin of 6.39% and a negative return on equity of 19.68%. On average, equities analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.