Speedy Hire (LON:SDY) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Speedy Hire Plc (LON:SDY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 21.88 and traded as low as GBX 18.90. Speedy Hire shares last traded at GBX 18.90, with a volume of 2,290,162 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Speedy Hire has an average rating of “Buy” and an average target price of GBX 63.

Speedy Hire Trading Down 0.5%

The firm has a market capitalization of £87.14 million, a PE ratio of -3.28, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The firm’s 50-day simple moving average is GBX 19.82 and its 200-day simple moving average is GBX 21.88. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84.

Speedy Hire (LON:SDY) last posted its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. The company had revenue of £416.10 million for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%. Equities analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

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.