Speedy Hire (LON:SDY) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Speedy Hire Plc (LON:SDY)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 18.56 and traded as low as GBX 13.80. Speedy Hire shares last traded at GBX 13.80, with a volume of 1,468,851 shares.

Analyst Ratings Changes

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

Speedy Hire Stock Performance

The business’s fifty day moving average price is GBX 16.15 and its 200-day moving average price is GBX 18.50. 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 stock has a market capitalization of £61.32 million, a PE ratio of -2.31, a P/E/G ratio of 0.21 and a beta of 0.70.

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.