Speedy Hire (LON:SDY) Shares Cross Below 200-Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 22.14 and traded as low as GBX 19.30. Speedy Hire shares last traded at GBX 19.30, with a volume of 442,377 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price objective on shares of Speedy Hire from GBX 70 to GBX 63 and set a “buy” rating for the company in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 63.

Speedy Hire Stock Performance

The stock’s 50 day moving average is GBX 19.88 and its two-hundred day moving average is GBX 22.14. The firm has a market capitalization of £88.98 million, a P/E ratio of -3.34, a P/E/G ratio of 0.21 and a beta of 0.71. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90.

Speedy Hire (LON:SDY) last released its earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The business had revenue of £416.10 million for the quarter. Speedy Hire had a negative return on equity of 19.68% and a negative net margin of 6.39%. As a group, equities analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share for the current fiscal year.

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.