Speedy Hire (LON:SDY) Trading Down 28.4% – What’s Next?

Speedy Hire Plc (LON:SDY) fell 28.4% during mid-day trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares were traded during mid-day 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).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 70 ($0.87) price objective on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Down 28.4 %

The company has a market capitalization of £90.98 million, a price-to-earnings ratio of 1,970.00, a P/E/G ratio of 0.21 and a beta of 1.25. The business’s 50-day moving average is GBX 28.54 and its 200-day moving average is GBX 33.33. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

Speedy Hire (LON:SDY) last released its earnings results 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%. As a group, equities analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were given 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 currently 30,000.00%.

Insider Activity at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). Also, insider David J. B. Shearer acquired 150,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,251.80). 5.33% of the stock is currently owned by company 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.