Speedy Hire Plc (LON:SDY) Insider Purchases £18,200 in Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner acquired 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,919.03).

Speedy Hire Stock Performance

Shares of LON:SDY opened at GBX 28.20 ($0.36) on Monday. The business’s 50 day moving average price is GBX 34.20 and its 200-day moving average price is GBX 34.32. Speedy Hire Plc has a 1 year low of GBX 22.50 ($0.28) and a 1 year high of GBX 41 ($0.52). 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 £130.24 million, a PE ratio of 2,820.00, a P/E/G ratio of 0.21 and a beta of 1.25.

Speedy Hire Cuts Dividend

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

Analyst Ratings Changes

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

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.