Insider Buying: Speedy Hire Plc (LON:SDY) Insider Purchases 70,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider Shatish D. Dasani acquired 70,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of GBX 20 ($0.25) per share, for a total transaction of £14,000 ($17,502.19).

Speedy Hire Price Performance

SDY stock opened at GBX 20 ($0.25) on Thursday. Speedy Hire Plc has a 1-year low of GBX 18.39 ($0.23) and a 1-year high of GBX 41 ($0.51). The business’s 50 day simple moving average is GBX 28.20 and its 200 day simple moving average is GBX 33.05. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm has a market capitalization of £92.37 million, a PE ratio of 2,000.00, a PEG ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX 0.07 ($0.00) EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.50%. As a group, research analysts anticipate that Speedy Hire Plc will post 3.6102868 EPS for the current year.

Speedy Hire Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 5th were given a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio (DPR) is presently 30,000.00%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 70 ($0.88) price target on shares of Speedy Hire in a report 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.