Speedy Hire Plc (LON:SDY – Get Free Report)’s share price shot up 18.8% on Monday following insider buying activity. The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.70 ($0.39). 4,539,014 shares traded hands during trading, an increase of 313% from the average session volume of 1,098,396 shares. The stock had previously closed at GBX 24.17 ($0.33).
Specifically, insider Shatish D. Dasani bought 10,500 shares of Speedy Hire stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average price of GBX 28 per share, with a total value of £2,940. Also, insider David J. B. Shearer bought 250,000 shares of Speedy Hire stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of GBX 28 per share, for a total transaction of £70,000.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 60 target price on shares of Speedy Hire in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 65.
Speedy Hire Stock 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 business has a 50 day moving average price of GBX 26.99 and a two-hundred day moving average price of GBX 25.20. The company has a market cap of £132.17 million, a P/E ratio of -11,958.33, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.
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.
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