Speedy Hire (LON:SDY) Reaches New 1-Year Low – What’s Next?

Speedy Hire Plc (LON:SDY)’s stock price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as GBX 14.12 and last traded at GBX 14.44, with a volume of 3859486 shares trading hands. The stock had previously closed at GBX 14.82.

Wall Street Analyst Weigh In

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

Speedy Hire Trading Down 2.6%

The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The business’s 50 day simple moving average is GBX 17.88 and its 200 day simple moving average is GBX 19.40. The stock has a market cap of £66.57 million, a P/E ratio of -2.50, a PEG ratio of 0.21 and a beta of 0.70.

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.