Speedy Hire (LON:SDY) Stock Price Down 28.4% – What’s Next?

Shares of Speedy Hire Plc (LON:SDY) fell 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 Ratings Changes

Separately, Canaccord Genuity Group reiterated 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 Performance

The business has a 50-day simple moving average of GBX 28.71 and a 200 day simple moving average of GBX 33.48. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. 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 released its earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share (EPS) for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. Equities research analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

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

Insider Activity

In other Speedy Hire news, insider David J. B. Shearer bought 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,251.80). Also, insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired 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.