Speedy Hire (LON:SDY) Sets New 12-Month Low – Here’s What Happened

Speedy Hire Plc (LON:SDY) reached a new 52-week low on Wednesday . The stock traded as low as GBX 17 and last traded at GBX 17.12, with a volume of 1797643 shares trading hands. The stock had previously closed at GBX 17.66.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Speedy Hire presently has an average rating of “Buy” and an average price target of GBX 63.

Speedy Hire Stock Down 0.1%

The stock has a market cap of £81.14 million, a P/E ratio of -3.05, a PEG ratio of 0.21 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 224.84. The company’s 50 day moving average price is GBX 19.19 and its two-hundred day moving average price is GBX 20.39.

Speedy Hire (LON:SDY) last released its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. Speedy Hire had a negative net margin of 6.39% and a negative return on equity of 19.68%. The company had revenue of £416.10 million for the quarter. Equities analysts forecast that Speedy Hire Plc will post 3.6102868 earnings per share for the current year.

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.