Speedy Hire (LON:SDY) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Shares of Speedy Hire Plc (LON:SDY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 26 ($0.35) and traded as low as GBX 19.70 ($0.26). Speedy Hire shares last traded at GBX 19.88 ($0.26), with a volume of 500,793 shares traded.

Speedy Hire Trading Up 1.6 %

The business has a fifty day moving average price of GBX 19.46 and a 200-day moving average price of GBX 25.71. 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 company has a market cap of £88.75 million, a P/E ratio of 32.58, a PEG ratio of 0.21 and a beta of 1.25.

Insider Activity at Speedy Hire

In related news, insider Shatish D. Dasani purchased 70,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of GBX 20 ($0.27) per share, for a total transaction of £14,000 ($18,619.50). Also, insider Paul A. Rayner acquired 12,500 shares of the stock in a transaction on Thursday, February 6th. The shares were bought at an average price of GBX 20 ($0.27) per share, for a total transaction of £2,500 ($3,324.91). 5.33% of the stock is currently owned by corporate insiders.

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.