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

Speedy Hire Plc (LON:SDY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 22.14 and traded as low as GBX 19.30. Speedy Hire shares last traded at GBX 19.30, with a volume of 442,377 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 63.

Speedy Hire Trading Down 0.5%

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 £88.98 million, a P/E ratio of -3.34, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The business has a fifty day moving average price of GBX 19.88 and a 200 day moving average price of GBX 22.14.

Speedy Hire (LON:SDY) last released its earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. Speedy Hire had a negative net margin of 6.39% and a negative return on equity of 19.68%. The firm had revenue of £416.10 million during the quarter. On average, analysts expect that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

About Speedy Hire

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.