Speedy Hire (LON:SDY) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Speedy Hire Plc (LON:SDY - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 34.49 ($0.44) and traded as low as GBX 30.50 ($0.38). Speedy Hire shares last traded at GBX 30.55 ($0.39), with a volume of 180,331 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 70 ($0.88) price objective on shares of Speedy Hire in a report on Thursday, November 21st.

Speedy Hire Trading Up 0.2 %

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The business's fifty day moving average is GBX 32.57 and its 200 day moving average is GBX 34.47. The stock has a market cap of £141.32 million, a PE ratio of 3,060.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Speedy Hire Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be issued a GBX 0.80 ($0.01) dividend. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 5th. Speedy Hire's dividend payout ratio is currently 30,000.00%.

Insider Activity at Speedy Hire

In related news, insider Paul A. Rayner purchased 65,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,971.10). Also, insider David J. B. Shearer acquired 150,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($53,010.22). Insiders bought 320,000 shares of company stock valued at $9,800,000 in the last ninety days. Corporate insiders own 5.33% of the company's stock.

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.