Insider Buying: Speedy Hire Plc (LON:SDY) Insider Purchases £14,000 in Stock

Speedy Hire Plc (LON:SDY) insider Shatish D. Dasani purchased 70,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of GBX 20 ($0.25) per share, with a total value of £14,000 ($17,410.77).

Speedy Hire Stock Performance

Shares of LON:SDY opened at GBX 19.70 ($0.24) on Friday. The firm has a fifty day simple moving average of GBX 27.99 and a two-hundred day simple moving average of GBX 32.96. Speedy Hire Plc has a 52 week low of GBX 18.39 ($0.23) and a 52 week high of GBX 41 ($0.51). 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 stock has a market capitalization of £90.98 million, a P/E ratio of 1,970.00, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last announced 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%. On average, analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated 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 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.