Speedy Hire (LON:SDY) Shares Cross Below 200 Day Moving Average – Time to Sell?

Speedy Hire Plc (LON:SDY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 34.49 ($0.44) and traded as low as GBX 30.50 ($0.39). Speedy Hire shares last traded at GBX 30.55 ($0.39), with a volume of 180,331 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 70 ($0.89) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

Speedy Hire Stock Performance

The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock has a market cap of £142.04 million, a P/E ratio of 3,055.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company’s 50 day moving average price is GBX 32.68 and its 200-day moving average price is GBX 34.49.

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be issued a GBX 0.80 ($0.01) dividend. This represents a dividend yield of 2.76%. The ex-dividend date is Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is currently 30,000.00%.

Insider Buying and Selling

In other Speedy Hire news, insider David J. B. Shearer acquired 150,000 shares of Speedy Hire stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($53,238.69). Also, insider Paul A. Rayner acquired 105,000 shares of Speedy Hire stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of GBX 36 ($0.46) per share, with a total value of £37,800 ($47,914.82). In the last ninety days, insiders have purchased 320,000 shares of company stock valued at $9,800,000. 5.33% of the stock is owned by insiders.

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.