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

Speedy Hire Plc (LON:SDY) shares were down 28.4% during trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). Approximately 19,416,518 shares traded hands during mid-day 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).

Analysts Set New Price Targets

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

Speedy Hire Stock Performance

The company 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. The business’s 50-day moving average is GBX 28.54 and its 200-day moving average is GBX 33.33.

Speedy Hire (LON:SDY) last issued its quarterly earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. On average, research analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

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

Insider Activity at Speedy Hire

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