Speedy Hire (LON:SDY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Speedy Hire Plc (LON:SDY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 34.51 ($0.43) and traded as low as GBX 27.50 ($0.35). Speedy Hire shares last traded at GBX 28.40 ($0.36), with a volume of 1,075,772 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 ($0.88) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Trading Up 1.8 %

The firm has a 50-day moving average of GBX 31.96 and a 200 day moving average of GBX 34.51. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The stock has a market capitalization of £131.16 million, a price-to-earnings ratio of 2,840.00, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 0.80 ($0.01) per share. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is 30,000.00%.

Insider Activity at Speedy Hire

In related news, insider Paul A. Rayner acquired 65,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,872.94). Also, insider David J. B. Shearer bought 150,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average price of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,783.71). Insiders have purchased a total of 320,000 shares of company stock worth $9,800,000 over the last ninety days. 5.33% 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.