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

Speedy Hire Plc (LON:SDY) was down 28.4% during trading 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 issued a GBX 70 ($0.88) price objective on shares of Speedy Hire in a research report on Thursday, November 21st.

Speedy Hire Stock Performance

The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The company has a market cap of £92.37 million, a P/E ratio of 2,000.00, a P/E/G ratio of 0.21 and a beta of 1.25. The stock’s 50-day moving average is GBX 28.20 and its two-hundred day moving average is GBX 33.05.

Speedy Hire (LON:SDY) last posted 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%. As a group, equities research analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were issued a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Insider Transactions at Speedy Hire

In related news, insider Shatish D. Dasani bought 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19). Also, insider Paul A. Rayner purchased 65,000 shares of Speedy Hire stock in a transaction on Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,752.84). Insiders have acquired 285,000 shares of company stock worth $7,420,000 in the last 90 days. 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.