Speedy Hire (LON:SDY) Sets New 52-Week Low – Here’s What Happened

Speedy Hire Plc (LON:SDY) shares hit a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 13.52 and last traded at GBX 13.72, with a volume of 1,722,710 shares trading hands. The stock had previously closed at GBX 13.82.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price target on Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating on the stock in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 53.

Speedy Hire Trading Down 1.0%

The firm has a market capitalization of £63.35 million, a P/E ratio of -2.38, a PEG ratio of 0.21 and a beta of 0.70. The business has a 50-day moving average price of GBX 16.65 and a 200-day moving average price of GBX 18.75. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84.

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. 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.