Speedy Hire (LON:SDY) Sets New 52-Week Low – What’s Next?

Speedy Hire Plc (LON:SDY – Get Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 16 and last traded at GBX 16, with a volume of 1045950 shares traded. The stock had previously closed at GBX 16.26.

Analyst Upgrades and Downgrades

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 research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 63.

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Speedy Hire Stock Performance

The company has a debt-to-equity ratio of 224.84, a quick ratio of 0.90 and a current ratio of 0.85. The firm has a market capitalization of £73.77 million, a PE ratio of -2.77, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70. The firm’s 50 day moving average price is GBX 18.94 and its 200-day moving average price is GBX 20.20.

Speedy Hire (LON:SDY – Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) earnings per share 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 for the quarter. On average, research analysts expect that Speedy Hire Plc will post 3.6102868 EPS for the current 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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