Paul A. Rayner Buys 12,500 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner bought 12,500 shares of the stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of GBX 20 ($0.25) per share, for a total transaction of £2,500 ($3,109.07).

Speedy Hire Price Performance

Shares of Speedy Hire stock opened at GBX 19.70 ($0.24) on Friday. Speedy Hire Plc has a 1-year low of GBX 18.39 ($0.23) and a 1-year high of GBX 41 ($0.51). The firm has a fifty day simple moving average of GBX 27.99 and a 200-day simple moving average of GBX 32.96. 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 £90.98 million, a price-to-earnings ratio of 1,970.00, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last released its earnings results on Thursday, November 21st. The company reported GBX 0.07 ($0.00) earnings per share for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. On average, sell-side analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Speedy Hire Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were given a GBX 0.80 ($0.01) dividend. This represents a yield of 2.76%. The ex-dividend date of this dividend was Thursday, December 5th. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 70 ($0.87) price objective on shares of Speedy Hire in a research note on Thursday, November 21st.

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.