Speedy Hire (LON:SDY) Reaches New 12-Month Low – Time to Sell?

Speedy Hire Plc (LON:SDY) reached a new 52-week low during trading on Monday. The stock traded as low as GBX 13.52 and last traded at GBX 13.72, with a volume of 1,722,710 shares traded. The stock had previously closed at GBX 13.82.

Analyst Upgrades and Downgrades

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

Speedy Hire Trading Down 0.7%

The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84. The firm has a market cap of £63.25 million, a P/E ratio of -2.38, a P/E/G ratio of 0.21 and a beta of 0.70. The company’s 50 day simple moving average is GBX 16.87 and its 200-day simple moving average is GBX 18.83.

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.