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

Shares of Speedy Hire Plc (LON:SDY) traded down 28.4% on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares traded hands 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).

Analyst Upgrades and Downgrades

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

Speedy Hire Stock Performance

The company’s 50-day moving average price is GBX 28.71 and its 200 day moving average price is GBX 33.48. The stock has a market capitalization of £90.98 million, a PE ratio of 1,970.00, a PEG ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Speedy Hire (LON:SDY) last issued its quarterly earnings data 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, equities research analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insiders Place Their Bets

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