Speedy Hire (LON:SDY) Stock Price Down 26.5% – Here’s What Happened

Shares of Speedy Hire Plc (LON:SDY) fell 26.5% during trading on Monday . The stock traded as low as GBX 18.40 ($0.23) and last traded at GBX 20.20 ($0.25). 24,279,982 shares traded hands during mid-day trading, an increase of 1,507% from the average session volume of 1,510,544 shares. The stock had previously closed at GBX 27.50 ($0.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 70 ($0.86) price target on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Price Performance

The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock’s 50-day moving average is GBX 28.71 and its 200 day moving average is GBX 33.48. The stock has a market capitalization of £93.29 million, a PE ratio of 2,020.00, a P/E/G ratio of 0.21 and a beta of 1.25.

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

Speedy Hire Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 5th were issued a dividend of GBX 0.80 ($0.01) per share. 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 related news, insider Paul A. Rayner purchased 65,000 shares of Speedy Hire stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of GBX 28 ($0.34) per share, with a total value of £18,200 ($22,361.47). Also, insider David J. B. Shearer bought 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of GBX 28 ($0.34) per share, for a total transaction of £42,000 ($51,603.39). 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.