Speedy Hire (LON:SDY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Speedy Hire Plc (LON:SDY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 27.08 and traded as low as GBX 24.20. Speedy Hire shares last traded at GBX 25, with a volume of 293,247 shares traded.

Analyst Ratings Changes

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

Speedy Hire Trading Down 0.6%

The company has a market cap of £114.49 million, a price-to-earnings ratio of -9.82, a P/E/G ratio of 0.21 and a beta of 1.25. The business has a fifty day simple moving average of GBX 25.85 and a 200 day simple moving average of GBX 27.08. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

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

Insider Activity

In other news, insider Rhian Bartlett purchased 1,760,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of GBX 26 per share, with a total value of £457,600. Insiders own 2.38% of the company’s stock.

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. 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.