Speedy Hire (LON:SDY) Shares Up 5.4% – Here’s Why

Speedy Hire Plc (LON:SDY)’s share price rose 5.4% during mid-day trading on Tuesday . The company traded as high as GBX 19.98 ($0.26) and last traded at GBX 18.97 ($0.24). Approximately 4,186,063 shares were traded during mid-day trading, an increase of 208% from the average daily volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.23).

Speedy Hire Trading Up 3.2 %

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 firm has a market cap of £90.28 million, a price-to-earnings ratio of 33.14, a P/E/G ratio of 0.21 and a beta of 1.25. The company’s 50-day moving average is GBX 19.44 and its 200-day moving average is GBX 27.13.

Insider Transactions at Speedy Hire

In other Speedy Hire news, insider Shatish D. Dasani bought 70,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of GBX 20 ($0.26) per share, for a total transaction of £14,000 ($17,889.09). Also, insider Paul A. Rayner bought 12,500 shares of Speedy Hire stock in a transaction dated Thursday, February 6th. The stock was acquired at an average cost of GBX 20 ($0.26) per share, for a total transaction of £2,500 ($3,194.48). 5.33% of the stock is owned by company insiders.

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.