Speedy Hire (LON:SDY) Reaches New 12-Month Low – Here’s What Happened

Speedy Hire Plc (LON:SDY)’s share price hit a new 52-week low on Thursday. The company traded as low as GBX 12.82 and last traded at GBX 12.94, with a volume of 2,882,454 shares changing hands. The stock had previously closed at GBX 13.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating for the company in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Speedy Hire has an average rating of “Buy” and an average target price of GBX 53.

Speedy Hire Stock Down 2.7%

The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. The firm has a market cap of £59.66 million, a price-to-earnings ratio of -2.24, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70. The firm has a 50 day moving average price of GBX 16.03 and a 200-day moving average price of GBX 18.46.

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.