Insider Buying: Speedy Hire Plc (LON:SDY) Insider Buys 150,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer acquired 150,000 shares of the stock in a transaction on Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,890.06).

Speedy Hire Trading Up 0.5 %

Speedy Hire stock traded up GBX 0.15 ($0.00) during midday trading on Monday, reaching GBX 28.35 ($0.36). The stock had a trading volume of 1,128,420 shares, compared to its average volume of 1,347,337. The stock’s 50-day simple moving average is GBX 34.20 and its 200 day simple moving average is GBX 34.32. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. Speedy Hire Plc has a twelve month low of GBX 22.50 ($0.28) and a twelve month high of GBX 41 ($0.52). The stock has a market capitalization of £130.93 million, a PE ratio of 2,820.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

Speedy Hire Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 70 ($0.88) target price on shares of Speedy Hire in a research report on Thursday.

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.