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

Speedy Hire Plc (LON:SDY)’s stock price fell 28.4% during mid-day trading on Monday . The company traded as low as GBX 18.40 ($0.23) and last traded at GBX 19.70 ($0.25). 19,416,518 shares traded hands 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 restated a “buy” rating and issued a GBX 70 ($0.87) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Price Performance

The stock has a market cap of £90.98 million, a PE ratio of 1,970.00, a P/E/G ratio of 0.21 and a beta of 1.25. 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 firm’s 50 day moving average price is GBX 28.54 and its two-hundred day moving average price is GBX 33.33.

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

Speedy Hire Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 5th were given 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%.

Insider Buying and Selling at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,642.45). Also, insider David J. B. Shearer bought 150,000 shares of Speedy Hire stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,251.80). 5.33% of the stock is currently owned by company 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.