Speedy Hire (LON:SDY) Sets New 1-Year Low – Time to Sell?

Speedy Hire Plc (LON:SDY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 15 and last traded at GBX 15, with a volume of 925374 shares trading hands. The stock had previously closed at GBX 15.14.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating for the company in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 53.

Speedy Hire Stock Down 0.9%

The firm’s 50 day simple moving average is GBX 18.41 and its 200-day simple moving average is GBX 19.80. 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 stock has a market capitalization of £69.16 million, a price-to-earnings ratio of -2.60, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70.

Speedy Hire (LON:SDY) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The business had revenue of £416.10 million for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%. Equities analysts expect 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.