David J. B. Shearer Buys 150,000 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer purchased 150,000 shares of the stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($52,750.57).

Speedy Hire Stock Performance

Shares of SDY stock opened at GBX 28.35 ($0.36) on Tuesday. The business has a 50 day simple moving average of GBX 34.20 and a 200 day simple moving average of GBX 34.32. 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 firm has a market capitalization of £130.93 million, a price-to-earnings ratio of 2,835.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a 12-month low of GBX 22.50 ($0.28) and a 12-month high of GBX 41 ($0.51).

Speedy Hire Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 5th will be paid a GBX 0.80 ($0.01) dividend. This represents a yield of 2.76%. The ex-dividend date is Thursday, December 5th. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 70 ($0.88) target price on shares of Speedy Hire in a research note on Thursday, November 21st.

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.