Speedy Hire (LON:SDY) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Speedy Hire Plc (LON:SDYGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 22.14 and traded as low as GBX 19.30. Speedy Hire shares last traded at GBX 19.30, with a volume of 442,377 shares.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Speedy Hire

Speedy Hire Stock Performance

The stock has a fifty day simple moving average of GBX 19.88 and a 200-day simple moving average of GBX 22.14. 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 company has a market capitalization of £88.98 million, a P/E ratio of -3.34, a PEG ratio of 0.21 and a beta of 0.71.

Speedy Hire (LON:SDYGet Free Report) last released its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The firm 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%. Equities analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current year.

About Speedy Hire

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Speedy Hire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Speedy Hire and related companies with MarketBeat.com's FREE daily email newsletter.