Speedy Hire (LON:SDY) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Speedy Hire Plc (LON:SDY) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 34.51 ($0.43) and traded as low as GBX 27.50 ($0.35). Speedy Hire shares last traded at GBX 28.40 ($0.36), with a volume of 1,075,772 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.88) price target on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Price Performance

The stock has a market capitalization of £131.16 million, a price-to-earnings ratio of 2,840.00, a price-to-earnings-growth 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 company’s 50 day moving average is GBX 31.96 and its 200 day moving average is GBX 34.56.

Speedy Hire Cuts Dividend

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

Insider Activity at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner purchased 105,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average price of GBX 36 ($0.45) per share, for a total transaction of £37,800 ($47,505.34). Also, insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,783.71). Insiders bought a total of 320,000 shares of company stock valued at $9,800,000 in the last three months. 5.33% of the stock is currently owned by company insiders.

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.