Speedy Hire (LON:SDY) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 23.17 and traded as low as GBX 18.70. Speedy Hire shares last traded at GBX 19.30, with a volume of 666,580 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut Speedy Hire to a “buy” rating and cut their price target for the stock from GBX 79 to GBX 70 in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 70.

Speedy Hire Stock Performance

The company’s fifty day moving average price is GBX 19.99 and its 200 day moving average price is GBX 23.06. The company has a market cap of £87.63 million, a PE ratio of -7.52, a P/E/G ratio of 0.21 and a beta of 0.71. The company has a debt-to-equity ratio of 171.05, a current ratio of 0.46 and a quick ratio of 0.90.

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.