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

Speedy Hire Plc (LON:SDY) shares fell 28.4% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares were traded during mid-day trading, an increase of 1,395% from the average session volume of 1,299,089 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed 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 firm has a 50-day moving average of GBX 28.20 and a two-hundred day moving average of GBX 33.05. The company has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

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

Speedy Hire Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were issued 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 Buying and Selling at Speedy Hire

In other news, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider David J. B. Shearer acquired 150,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,506.56). In the last quarter, insiders purchased 285,000 shares of company stock worth $7,420,000. 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.