Speedy Hire (LON:SDY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Speedy Hire Plc (LON:SDY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 27.25 and traded as high as GBX 27.65. Speedy Hire shares last traded at GBX 27, with a volume of 481,427 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 79 target price on shares of Speedy Hire in a report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 79.

Speedy Hire Stock Up 2.3%

The firm has a market cap of £124.40 million, a price-to-earnings ratio of -10.67, 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. The firm has a fifty day simple moving average of GBX 26.84 and a 200-day simple moving average of GBX 27.25.

Speedy Hire (LON:SDY) last issued its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.28) earnings per share (EPS) for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. As a group, sell-side analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul A. Rayner acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were acquired at an average cost of GBX 29 per share, with a total value of £1,450. Also, insider David N. C. Garman acquired 200,000 shares of Speedy Hire stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of GBX 29 per share, for a total transaction of £58,000. Over the last three months, insiders acquired 550,500 shares of company stock worth $15,704,000. 2.38% of the stock is owned by corporate 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.