Speedy Hire (LON:SDY) Stock Price Down 28.4% – Should You Sell?

Speedy Hire Plc (LON:SDY)’s stock price was down 28.4% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). Approximately 19,416,518 shares changed hands during trading, an increase of 1,395% from the average daily 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 issued a GBX 70 ($0.87) price objective on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Down 28.4 %

The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock’s fifty day simple moving average is GBX 28.71 and its two-hundred day simple moving average is GBX 33.48. The company has a market capitalization of £90.98 million, a price-to-earnings ratio of 1,970.00, a P/E/G 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) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. On average, sell-side analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were paid a dividend of GBX 0.80 ($0.01) per share. 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 presently 30,000.00%.

Insider Transactions at Speedy Hire

In other news, insider David J. B. Shearer bought 150,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought 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 bought 65,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). 5.33% of the stock is 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.