Speedy Hire (LON:SDY) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

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 23.48 and traded as low as GBX 19.54. Speedy Hire shares last traded at GBX 19.85, with a volume of 763,244 shares.

Analyst Ratings Changes

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

Speedy Hire Price Performance

The company has a debt-to-equity ratio of 171.05, a quick ratio of 0.90 and a current ratio of 0.46. The company has a 50-day simple moving average of GBX 20.14 and a 200-day simple moving average of GBX 23.48. The company has a market cap of £91.46 million, a price-to-earnings ratio of -7.85, a PEG ratio of 0.21 and a beta of 0.71.

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.