Speedy Hire (LON:SDY) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Speedy Hire Plc (LON:SDY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 27.24 and traded as low as GBX 24.10. Speedy Hire shares last traded at GBX 24.90, with a volume of 99,427 shares trading hands.

Analyst Upgrades and Downgrades

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

Speedy Hire Stock Down 1.6%

The business’s fifty day simple moving average is GBX 26.43 and its two-hundred day simple moving average is GBX 27.22. The company has a market cap of £112.88 million, a PE ratio of -9.68, a PEG ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

Speedy Hire (LON:SDY) last posted its earnings results on Wednesday, November 26th. The company reported GBX (1.28) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.51%. On average, analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

Insiders Place Their Bets

In other Speedy Hire news, insider David N. C. Garman bought 200,000 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were purchased at an average price of GBX 29 per share, for a total transaction of £58,000. Also, insider Paul A. Rayner purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of GBX 29 per share, for a total transaction of £1,450. Insiders purchased a total of 550,500 shares of company stock valued at $15,704,000 in the last three months. 2.38% of the stock is currently owned by company insiders.

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.