Speedy Hire (LON:SDY) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 26.50 and traded as high as GBX 26.85. Speedy Hire shares last traded at GBX 26, with a volume of 372,725 shares.

Analyst Upgrades and Downgrades

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

Speedy Hire Stock Down 1.3%

The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. The company has a market cap of £119.73 million, a PE ratio of -108.33, a PEG ratio of 0.21 and a beta of 1.25. The company’s fifty day moving average is GBX 25.74 and its 200-day moving average is GBX 26.50.

Insider Transactions at Speedy Hire

In other news, insider Paul A. Rayner acquired 71,500 shares of Speedy Hire stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average price of GBX 29 per share, for a total transaction of £20,735. Also, insider Shatish D. Dasani bought 10,500 shares of the stock in a transaction on Monday, October 6th. The stock was purchased at an average cost of GBX 28 per share, for a total transaction of £2,940. Insiders bought 550,500 shares of company stock valued at $15,704,000 over the last 90 days. 2.38% of the stock is owned by corporate insiders.

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.