Speedy Hire (LON:SDY) Shares Down 27.1% – Should You Sell?

Speedy Hire Plc (LON:SDY) dropped 27.1% during mid-day trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.06 ($0.25). Approximately 22,589,051 shares were traded during mid-day trading, an increase of 1,472% from the average daily volume of 1,437,025 shares. The stock had previously closed at GBX 27.50 ($0.34).

Wall Street Analyst Weigh In

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

Speedy Hire Stock Performance

The firm has a market cap 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 business has a 50 day simple moving average of GBX 28.38 and a two-hundred day simple moving average of GBX 33.19. 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 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 net margin of 0.64% and a return on equity of 1.50%. As a group, equities research analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 2.76%. Speedy Hire’s payout ratio is 30,000.00%.

Insiders Place Their Bets

In other Speedy Hire news, insider Shatish D. Dasani acquired 70,000 shares of the company’s stock in a transaction dated 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 ($17,473.79). Also, insider David J. B. Shearer acquired 150,000 shares of Speedy Hire stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,421.37). Insiders have bought 285,000 shares of company stock worth $7,420,000 in the last ninety days. 5.33% of the stock is owned by company 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.