Speedy Hire (LON:SDY) Hits New 12-Month Low – Here’s Why

Speedy Hire Plc (LON:SDY) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 16 and last traded at GBX 16, with a volume of 1045950 shares traded. The stock had previously closed at GBX 16.26.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price objective on Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 53.

Speedy Hire Stock Down 1.3%

The firm has a 50 day simple moving average of GBX 18.78 and a two-hundred day simple moving average of GBX 20.07. The stock has a market capitalization of £71.47 million, a P/E ratio of -2.69, a PEG ratio of 0.21 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84.

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

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. 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.