Speedy Hire Plc (LON:SDY – Get Free Report) shares were up 18.8% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.70 ($0.39). Approximately 4,539,014 shares were traded during mid-day trading, an increase of 313% from the average daily volume of 1,098,396 shares. The stock had previously closed at GBX 24.17 ($0.33).
Specifically, insider Shatish D. Dasani purchased 10,500 shares of the stock in a transaction on Monday, October 6th. The stock was bought at an average cost of GBX 28 per share, for a total transaction of £2,940. Also, insider David J. B. Shearer purchased 250,000 shares of the stock in a transaction on Monday, October 6th. The stock was acquired at an average price of GBX 28 per share, with a total value of £70,000.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 60 price objective on shares of Speedy Hire in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 65.
Speedy Hire Stock Up 18.8%
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 company has a market capitalization of £132.17 million, a price-to-earnings ratio of -11,958.33, a PEG ratio of 0.21 and a beta of 1.25. The firm has a 50-day moving average price of GBX 26.99 and a two-hundred day moving average price of GBX 25.20.
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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