Speedy Hire (LON:SDY) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Speedy Hire Plc (LON:SDY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 22.34 and traded as low as GBX 19.38. Speedy Hire shares last traded at GBX 20, with a volume of 1,050,896 shares changing hands.

Wall Street Analysts Forecast Growth

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

Speedy Hire Trading Up 1.0%

The business’s fifty day moving average is GBX 19.95 and its 200-day moving average is GBX 22.34. The firm has a market cap of £92.15 million, a P/E ratio of -7.91, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The company has a debt-to-equity ratio of 224.84, a quick ratio of 0.90 and a current ratio of 0.85.

Speedy Hire (LON:SDY) last announced 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 business had revenue of £416.10 million during the quarter. Analysts predict that Speedy Hire Plc will post 3.6102868 EPS 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.