Speedy Hire Plc (LON:SDY – Get Free Report) shot up 18.8% during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 29 ($0.39) and last traded at GBX 28.70 ($0.39). 4,539,014 shares traded hands during mid-day 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 acquired 10,500 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was purchased at an average cost of GBX 28 per share, with a total value of £2,940. Also, insider David J. B. Shearer acquired 250,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were bought at an average cost of GBX 28 per share, with a total value of £70,000.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 target price on shares of Speedy Hire in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 65.
Speedy Hire Price Performance
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 stock has a market cap of £132.17 million, a PE ratio of -11,958.33, 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 quick ratio of 0.90 and a current ratio of 0.94.
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.
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