Speedy Hire (LON:SDY) Shares Down 28.4% – Time to Sell?

Speedy Hire Plc (LON:SDY)’s share price dropped 28.4% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). Approximately 19,416,518 shares were traded during mid-day trading, an increase of 1,395% from the average daily volume of 1,299,089 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 ($0.87) price objective on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Down 28.4 %

The firm has a 50 day moving average price of GBX 28.54 and a 200-day moving average price of GBX 33.33. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm has a market cap of £90.98 million, a PE ratio of 1,970.00, a PEG ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a GBX 0.80 ($0.01) dividend. 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 (DPR) is 30,000.00%.

Insider Transactions at Speedy Hire

In other news, insider David J. B. Shearer bought 150,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,251.80). Also, insider Paul A. Rayner purchased 65,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,642.45). Company insiders own 5.33% of the company’s stock.

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.