Speedy Hire (LON:SDY) Reaches New 52-Week Low - Here's Why

Speedy Hire Plc (LON:SDY - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 18.30 ($0.24) and last traded at GBX 18.56 ($0.24), with a volume of 1436511 shares. The stock had previously closed at GBX 19.28 ($0.25).

Speedy Hire Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The stock's 50 day moving average price is GBX 20.25 and its 200 day moving average price is GBX 27.62. The company has a market capitalization of £88.16 million, a price-to-earnings ratio of 32.36, a P/E/G ratio of 0.21 and a beta of 1.25.

Insider Activity

In related news, insider Paul A. Rayner bought 12,500 shares of Speedy Hire stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average price of GBX 20 ($0.26) per share, with a total value of £2,500 ($3,222.48). Also, insider Shatish D. Dasani purchased 70,000 shares of the stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of GBX 20 ($0.26) per share, for a total transaction of £14,000 ($18,045.89). 5.33% of the stock is currently owned by insiders.

Speedy Hire Company Profile

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.