Speedy Hire (LON:SDY) Hits New 12-Month Low – Time to Sell?

Speedy Hire Plc (LON:SDY – Get Free Report)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 18.10 and last traded at GBX 18.26, with a volume of 1131774 shares traded. The stock had previously closed at GBX 18.54.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 63.

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Speedy Hire Stock Performance

The stock has a market capitalization of £84.19 million, a price-to-earnings ratio of -3.16, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70. The firm has a fifty day moving average of GBX 19.53 and a 200 day moving average of GBX 20.73. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90.

Speedy Hire (LON:SDY – Get Free Report) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

Speedy Hire Company Profile

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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.

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