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Speedy Hire (LON:SDY) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Speedy Hire logo with Industrials background

Speedy Hire Plc (LON:SDY - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 33.79 ($0.44) and traded as high as GBX 35.90 ($0.47). Speedy Hire shares last traded at GBX 32.85 ($0.43), with a volume of 1,751,446 shares.

Speedy Hire Stock Up 1.4 %

The firm has a market capitalization of £153.79 million, a price-to-earnings ratio of 3,295.00, a P/E/G ratio of 0.21 and a beta of 1.25. The stock has a fifty day moving average of GBX 36.50 and a two-hundred day moving average of GBX 33.78. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

Insider Transactions at Speedy Hire

In related news, insider Paul A. Rayner bought 105,000 shares of Speedy Hire stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 36 ($0.47) per share, for a total transaction of £37,800 ($49,020.88). In other Speedy Hire news, insider David J. B. Shearer acquired 80,000 shares of the company's stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of GBX 38 ($0.49) per share, with a total value of £30,400 ($39,424.20). Also, insider Paul A. Rayner bought 105,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 36 ($0.47) per share, with a total value of £37,800 ($49,020.88). 5.33% of the stock is owned by corporate insiders.

Speedy Hire Company Profile

(Get Free Report)

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.

Further Reading

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