Speedy Hire (LON:SDY) Stock Price Down 26.5% – What’s Next?

Speedy Hire Plc (LON:SDY) shares fell 26.5% on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.20 ($0.25). 24,279,982 shares were traded during mid-day trading, an increase of 1,507% from the average session volume of 1,510,544 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

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

Speedy Hire Stock Performance

The stock has a market cap of £92.37 million, a price-to-earnings ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. 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 stock’s 50-day moving average is GBX 28.38 and its 200-day moving average is GBX 33.19.

Speedy Hire (LON:SDY) last issued 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%. On average, analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

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

Insider Activity

In other news, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,473.79). Also, insider Paul A. Rayner acquired 65,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,715.93). Over the last quarter, insiders purchased 285,000 shares of company stock worth $7,420,000. 5.33% of the stock is currently owned by corporate 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.