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

Speedy Hire Plc (LON:SDY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 17 and last traded at GBX 17.12, with a volume of 1797643 shares trading hands. The stock had previously closed at GBX 17.66.

Analysts Set New Price Targets

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

Speedy Hire Stock Down 3.1%

The stock has a 50-day simple moving average of GBX 19.32 and a two-hundred day simple moving average of GBX 20.50. 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 firm has a market cap of £78.93 million, a PE ratio of -2.97, a P/E/G ratio of 0.21 and a beta of 0.70.

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 firm had revenue of £416.10 million during the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%. Analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

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.