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 trading on Thursday . The company traded as low as GBX 18.10 and last traded at GBX 18.26, with a volume of 1131774 shares trading hands. The stock had previously closed at GBX 18.54.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reduced their price target 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, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 63.

Speedy Hire Trading Down 1.5%

The company has a 50 day moving average of GBX 19.53 and a 200 day moving average of GBX 20.73. The company has a debt-to-equity ratio of 224.84, a quick ratio of 0.90 and a current ratio of 0.85. The stock has a market capitalization of £84.19 million, a price-to-earnings ratio of -3.16, a P/E/G ratio of 0.21 and a beta of 0.70.

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