Speedy Hire (LON:SDY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Speedy Hire Plc (LON:SDY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 27.24 and traded as low as GBX 24.10. Speedy Hire shares last traded at GBX 24.90, with a volume of 99,427 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 79 price objective on shares of Speedy Hire in a report on Thursday, November 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Speedy Hire has an average rating of “Buy” and an average price target of GBX 79.

Speedy Hire Trading Down 1.4%

The firm has a 50-day moving average of GBX 26.50 and a 200-day moving average of GBX 27.24. 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 market capitalization of £113.11 million, a P/E ratio of -9.70, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.28) earnings per share for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.51%. On average, equities research analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

Insider Activity

In other news, insider Paul A. Rayner acquired 5,000 shares of the stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average cost of GBX 29 per share, with a total value of £1,450. Also, insider David J. B. Shearer bought 250,000 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of GBX 28 per share, with a total value of £70,000. Over the last 90 days, insiders acquired 550,500 shares of company stock worth $15,704,000. 2.38% of the stock is currently owned by corporate 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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.