Speedy Hire (LON:SDY) Stock Price 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 Wednesday . The stock has a two hundred day moving average of GBX 25.84 ($0.35) and traded as low as GBX 25.05 ($0.33). Speedy Hire shares last traded at GBX 25.05 ($0.33), with a volume of 2,465,447 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price target on Speedy Hire from GBX 60 to GBX 79 and gave the company a “buy” rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 74.50.

Speedy Hire Stock Up 5.0%

The firm has a market capitalization of £121.11 million, a P/E ratio of -109.58, a PEG ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The firm’s 50-day moving average is GBX 26.25 and its 200 day moving average is GBX 25.84.

Insider Transactions at Speedy Hire

In other Speedy Hire news, insider David N. C. Garman acquired 200,000 shares of the stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of GBX 29 per share, for a total transaction of £58,000. Also, insider Shatish D. Dasani acquired 10,500 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was acquired at an average cost of GBX 28 per share, for a total transaction of £2,940. Insiders acquired a total of 550,500 shares of company stock worth $15,704,000 in the last 90 days. 2.25% of the stock is owned by corporate insiders.

About Speedy Hire

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.