Speedy Hire (LON:SDY) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Speedy Hire Plc (LON:SDY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 22.34 and traded as low as GBX 19.38. Speedy Hire shares last traded at GBX 20, with a volume of 1,050,896 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 63.

Speedy Hire Price Performance

The business has a fifty day moving average price of GBX 19.93 and a 200 day moving average price of GBX 22.33. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The company has a market capitalization of £92.15 million, a price-to-earnings ratio of -3.47, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71.

Speedy Hire (LON:SDY) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) earnings per share for the quarter. The company 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%. On average, research 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.