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

Speedy Hire Plc (LON:SDY) reached a new 52-week low on Thursday . The company traded as low as GBX 18.10 and last traded at GBX 18.26, with a volume of 1131774 shares. The stock had previously closed at GBX 18.54.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 63.

Speedy Hire Stock Performance

The firm has a market cap of £83.26 million, a price-to-earnings ratio of -3.13, a PEG ratio of 0.21 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84. The company has a 50 day moving average of GBX 19.44 and a 200 day moving average of GBX 20.66.

Speedy Hire (LON:SDY) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. The business had revenue of £416.10 million for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%. As a group, equities research analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

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.