Speedy Hire (LON:SDY) Shares Down 28.4% – What’s Next?

Speedy Hire Plc (LON:SDY)’s share price was down 28.4% during mid-day 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 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 reiterated a “buy” rating and set a GBX 70 ($0.88) price target on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The company has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The stock’s fifty day moving average price is GBX 28.20 and its two-hundred day moving average price is GBX 33.05.

Speedy Hire (LON:SDY) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a return on equity of 1.50% and a net margin of 0.64%. 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 disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 0.80 ($0.01) per share. This represents a yield of 2.76%. The ex-dividend date was Thursday, December 5th. Speedy Hire’s payout ratio is currently 30,000.00%.

Insider Transactions at Speedy Hire

In other news, insider Shatish D. Dasani purchased 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider Paul A. Rayner acquired 65,000 shares of the stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,752.84). In the last ninety days, insiders purchased 285,000 shares of company stock valued at $7,420,000. Company insiders own 5.33% of the company’s stock.

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.