Shatish D. Dasani Acquires 70,000 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider Shatish D. Dasani purchased 70,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,417.27).

Speedy Hire Trading Up 0.5 %

SDY stock opened at GBX 19.79 ($0.25) on Tuesday. Speedy Hire Plc has a 52 week low of GBX 18.39 ($0.23) and a 52 week high of GBX 41 ($0.51). The company has a market capitalization of £91.42 million, a PE ratio of 1,979.40, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company’s 50-day simple moving average is GBX 28.54 and its 200 day simple moving average is GBX 33.33. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Speedy Hire (LON:SDY) last posted 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%. As a group, sell-side 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 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 payout ratio is presently 30,000.00%.

Analyst Ratings Changes

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

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.