Speedy Hire (LON:SDY) Shares Cross Below 200 Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 22.57 and traded as low as GBX 20. Speedy Hire shares last traded at GBX 20.60, with a volume of 2,094,915 shares.

Analysts Set New Price Targets

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

Speedy Hire Trading Down 1.9%

The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The business has a 50 day moving average of GBX 19.98 and a 200 day moving average of GBX 22.57. The firm has a market capitalization of £94.91 million, a price-to-earnings ratio of -8.14, a PEG ratio of 0.21 and a beta of 0.71.

Speedy Hire (LON:SDY) last released its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) 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 during the quarter. As a group, research analysts predict that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal 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.