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

Shares of Speedy Hire Plc (LON:SDY) were down 28.4% 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 were traded 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).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed 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 Down 28.4 %

The company has a market cap of £90.98 million, a P/E ratio of 1,970.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a 50 day moving average of GBX 28.54 and a 200-day moving average of GBX 33.33. 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 data 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, equities analysts predict 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 2.76%. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Insider Activity at Speedy Hire

In other news, insider David J. B. Shearer purchased 150,000 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased 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 acquired 65,000 shares of Speedy Hire stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.35) per share, with a total value 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.