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

Speedy Hire Plc (LON:SDY) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as GBX 12.50 and last traded at GBX 12.70, with a volume of 4,008,365 shares trading hands. The stock had previously closed at GBX 12.74.

Wall Street Analysts Forecast Growth

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

Speedy Hire Trading Up 0.7%

The company has a 50-day moving average price of GBX 15.30 and a 200-day moving average price of GBX 19.82. 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 market capitalization of £63.44 million, a price-to-earnings ratio of -2.38, 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.