Speedy Hire (LON:SDY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Speedy Hire Plc (LON:SDY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 27.25 and traded as high as GBX 27.65. Speedy Hire shares last traded at GBX 27, with a volume of 481,427 shares traded.

Wall Street Analyst Weigh In

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

Speedy Hire Trading Up 2.3%

The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The business’s 50-day moving average is GBX 26.84 and its 200 day moving average is GBX 27.27. The firm has a market capitalization of £124.40 million, a P/E ratio of -10.67, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

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

Insider Buying and Selling

In related news, insider Paul A. Rayner acquired 5,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was purchased at an average cost of GBX 29 per share, with a total value of £1,450. Also, insider David N. C. Garman bought 200,000 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were bought at an average price of GBX 29 per share, with a total value of £58,000. Over the last three months, insiders acquired 550,500 shares of company stock worth $15,704,000. 2.38% of the stock is owned by corporate 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.