Speedy Hire (LON:SDY) Shares Down 13% – Time to Sell?

Speedy Hire Plc (LON:SDY) fell 13% on Thursday . The stock traded as low as GBX 18.18 and last traded at GBX 19.13. 5,637,816 shares were traded during trading, an increase of 396% from the average session volume of 1,136,080 shares. The stock had previously closed at GBX 22.

Speedy Hire Stock Down 12.7%

The company has a quick ratio of 0.90, a current ratio of 0.46 and a debt-to-equity ratio of 171.05. The company has a fifty day simple moving average of GBX 23.85 and a 200-day simple moving average of GBX 25.16. The firm has a market cap of £88.52 million, a P/E ratio of -7.59, a price-to-earnings-growth ratio of 0.21 and a beta of 0.82.

Insider Buying and Selling at Speedy Hire

In related news, insider Rhian Bartlett acquired 1,760,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of GBX 26 per share, for a total transaction of £457,600. 2.41% of the stock is currently owned by insiders.

About Speedy Hire

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.