Speedy Hire (LON:SDY) Reaches New 12-Month Low – Time to Sell?

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.

Analysts Set New Price Targets

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

Speedy Hire Trading Down 0.7%

The stock’s 50-day moving average price is GBX 16.87 and its 200 day moving average price is GBX 18.83. 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 firm has a market capitalization of £63.25 million, a PE ratio of -2.38, a price-to-earnings-growth 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.