Paul A. Rayner Purchases 65,000 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner purchased 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,815.59).

Speedy Hire Stock Performance

Shares of SDY opened at GBX 28.20 ($0.35) on Friday. Speedy Hire Plc has a 1 year low of GBX 22.50 ($0.28) and a 1 year high of GBX 41 ($0.51). The stock has a market capitalization of £130.24 million, a PE ratio of 2,820.00, a PEG ratio of 0.21 and a beta of 1.25. 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 stock has a 50-day simple moving average of GBX 34.20 and a 200-day simple moving average of GBX 34.24.

Speedy Hire Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.88) price objective on shares of Speedy Hire in a research note on Thursday.

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.