Speedy Hire (LON:SDY) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Speedy Hire's share price fell below its 200-day moving average of GBX 24.99, trading as low as GBX 19.14 and last at GBX 20 on a volume of 2,044,387 shares.
• Canaccord Genuity lowered its price target from GBX 79 to GBX 70 while keeping a "buy" rating, and the consensus price target across analysts is GBX 70 with an average rating of "Buy".
• Financials point to stretched liquidity and high leverage—quick ratio 0.90, current ratio 0.46, debt-to-equity 171.05—and the company posts a negative P/E (-8.27) with a market cap of about £96.4 million.

Speedy Hire Plc (LON:SDY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 24.99 and traded as low as GBX 19.14. Speedy Hire shares last traded at GBX 20, with a volume of 2,044,387 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered shares of Speedy Hire to a "buy" rating and lowered their price objective for the company from GBX 79 to GBX 70 in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 70.

Speedy Hire Trading Up 4.6%

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 business has a fifty day simple moving average of GBX 23.15 and a 200 day simple moving average of GBX 24.99. The company has a market cap of £96.37 million, a price-to-earnings ratio of -8.27, a P/E/G ratio of 0.21 and a beta of 0.82.

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.

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