Speedy Hire (LON:SDY) Sets New 52-Week Low – Should You Sell?

Speedy Hire Plc (LON:SDY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 15 and last traded at GBX 15, with a volume of 925374 shares traded. The stock had previously closed at GBX 15.14.

Analysts Set New Price Targets

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

Speedy Hire Stock Down 0.8%

The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 224.84. The firm has a market capitalization of £68.60 million, a PE ratio of -2.58, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70. The firm has a 50-day moving average of GBX 18.23 and a two-hundred day moving average of GBX 19.69.

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

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. 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.