Speedy Hire (LON:SDY) Trading Down 28.4% – Here’s What Happened

Speedy Hire Plc (LON:SDY)’s share price traded down 28.4% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.24). 19,416,518 shares traded hands during trading, an increase of 1,395% from the average session volume of 1,299,089 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 70 ($0.86) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Down 28.4 %

The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The firm’s 50 day moving average price is GBX 28.71 and its two-hundred day moving average price is GBX 33.48. The company has a market cap of £90.98 million, a P/E ratio of 1,970.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last posted its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. Equities research analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insiders Place Their Bets

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