Insider Buying: Speedy Hire Plc (LON:SDY) Insider Buys 12,500 Shares of Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner purchased 12,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average cost of GBX 20 ($0.25) per share, for a total transaction of £2,500 ($3,125.39).

Speedy Hire Price Performance

SDY traded up GBX 0.37 ($0.00) during trading on Thursday, hitting GBX 19.97 ($0.25). The company’s stock had a trading volume of 4,262,682 shares, compared to its average volume of 1,697,802. The firm has a market capitalization of £92.24 million, a price-to-earnings ratio of 1,997.30, a P/E/G ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a twelve month low of GBX 18.39 ($0.23) and a twelve month high of GBX 41 ($0.51). The business’s fifty day simple moving average is GBX 28.20 and its 200 day simple moving average is GBX 33.05. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48.

Speedy Hire (LON:SDY) last released its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share 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 forecast that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Cuts Dividend

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

Analysts Set New Price Targets

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

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.