Speedy Hire (LON:SDY) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Speedy Hire Plc (LON:SDY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 21.88 and traded as low as GBX 18.90. Speedy Hire shares last traded at GBX 18.90, with a volume of 2,290,162 shares trading hands.

Wall Street Analyst Weigh In

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

Speedy Hire Stock Performance

The business has a fifty day moving average price of GBX 19.82 and a 200-day moving average price of GBX 21.88. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84. The stock has a market capitalization of £87.14 million, a P/E ratio of -3.28, a P/E/G ratio of 0.21 and a beta of 0.71.

Speedy Hire (LON:SDY) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%.The company had revenue of £416.10 million during the quarter. On average, sell-side analysts expect 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.