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

Speedy Hire Plc (LON:SDY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 33.79 ($0.44) and traded as high as GBX 35.90 ($0.47). Speedy Hire shares last traded at GBX 32.85 ($0.43), with a volume of 1,751,446 shares changing hands.

Speedy Hire Stock Down 7.5 %

The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The stock has a market cap of £151.71 million, a price-to-earnings ratio of 3,285.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The firm has a 50 day simple moving average of GBX 36.59 and a two-hundred day simple moving average of GBX 33.79.

Insider Activity at Speedy Hire

In other news, insider David J. B. Shearer purchased 80,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of GBX 38 ($0.49) per share, with a total value of £30,400 ($39,424.20). In other Speedy Hire news, insider David J. B. Shearer purchased 80,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of GBX 38 ($0.49) per share, with a total value of £30,400 ($39,424.20). Also, insider Paul A. Rayner acquired 105,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of GBX 36 ($0.47) per share, for a total transaction of £37,800 ($49,020.88). 5.33% of the stock is currently 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.