Speedy Hire (LON:SDY) Trading Down 29.1% – What’s Next?

Speedy Hire Plc (LON:SDY)’s stock price dropped 29.1% during mid-day trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.50 ($0.24). Approximately 13,850,476 shares changed hands during mid-day trading, an increase of 1,210% from the average daily volume of 1,057,087 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 ($0.86) price target on shares of Speedy Hire in a research report on Thursday, November 21st.

Speedy Hire Price Performance

The firm has a market capitalization of £90.29 million, a P/E ratio of 1,955.00, a P/E/G ratio of 0.21 and a beta of 1.25. The stock’s fifty day simple moving average is GBX 28.71 and its 200 day simple moving average is GBX 33.48. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

Speedy Hire (LON:SDY) last posted its quarterly earnings data 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%. On average, equities research analysts predict that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 2.76%. Speedy Hire’s dividend payout ratio is presently 30,000.00%.

Insider Buying and Selling

In related news, insider David J. B. Shearer purchased 150,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average price of GBX 28 ($0.34) per share, for a total transaction of £42,000 ($51,603.39). Also, insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). 5.33% of the stock is owned by company insiders.

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.