Speedy Hire (LON:SDY) Trading Down 28.7% – Here’s Why

Shares of Speedy Hire Plc (LON:SDY) were down 28.7% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.60 ($0.24). Approximately 26,067,354 shares were traded during trading, an increase of 1,541% from the average daily volume of 1,588,256 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.86) price objective 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 price-to-earnings ratio of 1,970.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The firm has a fifty 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.

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 (EPS) for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. On average, analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Insider Activity at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner acquired 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). Also, insider David J. B. Shearer bought 150,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of GBX 28 ($0.34) per share, for a total transaction of £42,000 ($51,603.39). 5.33% of the stock is currently 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.