Speedy Hire (LON:SDY) Shares Pass 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 Wednesday . The stock has a 200-day moving average of GBX 26.88 and traded as low as GBX 25.10. Speedy Hire shares last traded at GBX 25.20, with a volume of 1,159,889 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 79 target price on shares of Speedy Hire in a research report on Thursday, November 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 79.

Speedy Hire Trading Down 1.9%

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 company has a market cap of £116.22 million, a PE ratio of -9.97, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a fifty day simple moving average of GBX 25.70 and a two-hundred day simple moving average of GBX 26.88.

Speedy Hire (LON:SDY) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.28) EPS for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. Analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Insider Buying and Selling

In other news, insider Rhian Bartlett acquired 1,760,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were bought at an average cost of GBX 26 per share, with a total value of £457,600. 2.38% 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. 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.