Speedy Hire (LON:SDY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Speedy Hire Plc (LON:SDY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 27.24 and traded as low as GBX 24.10. Speedy Hire shares last traded at GBX 24.90, with a volume of 99,427 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 79 price target on shares of Speedy Hire in a report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 79.

Speedy Hire Stock Performance

The company has a 50-day simple moving average of GBX 26.50 and a two-hundred day simple moving average of GBX 27.24. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a market capitalization of £113.11 million, a P/E ratio of -9.70, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last released its earnings results on Wednesday, November 26th. The company reported GBX (1.28) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.51%. As a group, equities analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Insider Transactions at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner purchased 71,500 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of GBX 29 per share, with a total value of £20,735. Also, insider David N. C. Garman acquired 200,000 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of GBX 29 per share, for a total transaction of £58,000. Over the last three months, insiders acquired 550,500 shares of company stock worth $15,704,000. Corporate insiders own 2.38% 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. 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.