Speedy Hire (LON:SDY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 34.21 ($0.43) and traded as low as GBX 29.42 ($0.37). Speedy Hire shares last traded at GBX 30.05 ($0.38), with a volume of 768,492 shares changing hands.

Speedy Hire Price Performance

The company has a 50 day moving average price of GBX 35 and a 200-day moving average price of GBX 34.25. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The company has a market cap of £138.78 million, a price-to-earnings ratio of 3,005.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Insider Activity

In other news, insider Paul A. Rayner bought 105,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average price of GBX 36 ($0.45) per share, with a total value of £37,800 ($47,637.05). 5.33% of the stock is currently owned by 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.