Speedy Hire (LON:SDY) Trading 5.4% Higher - Here's Why

Speedy Hire Plc (LON:SDY - Get Free Report)'s stock price rose 5.4% on Tuesday . The stock traded as high as GBX 19.98 ($0.26) and last traded at GBX 18.97 ($0.25). Approximately 4,186,063 shares traded hands during trading, an increase of 208% from the average daily volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.24).

Speedy Hire Trading Down 1.5 %

The firm has a fifty day moving average of GBX 19.40 and a 200-day moving average of GBX 26.89. The stock has a market capitalization of £86.06 million, a price-to-earnings ratio of 31.59, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Insider Activity at Speedy Hire

In other news, insider Shatish D. Dasani purchased 70,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average price of GBX 20 ($0.26) per share, with a total value of £14,000 ($18,324.61). Also, insider Paul A. Rayner acquired 12,500 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 20 ($0.26) per share, with a total value of £2,500 ($3,272.25). Company 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.