Speedy Hire (LON:SDY) Stock Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Speedy Hire shares fell below their 200-day moving average
• Analysts have lowered expectations: Canaccord cut its target from GBX 79 to GBX 70 and the stock has a consensus rating of Buy with a consensus price target of GBX 70.
• Fundamentals highlight risk: the company has a market cap of £92.6M, a negative P/E (‑7.94), weak liquidity (current ratio 0.46) and high leverage (debt-to-equity 171.05).

Speedy Hire Plc (LON:SDY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 24.35 and traded as low as GBX 19.38. Speedy Hire shares last traded at GBX 19.56, with a volume of 513,840 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group downgraded Speedy Hire to a "buy" rating and lowered their target price 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, According to data from MarketBeat, Speedy Hire currently has a consensus rating of "Buy" and a consensus price target of GBX 70.

Speedy Hire Stock Performance

The stock has a market cap of £92.61 million, a P/E ratio of -7.94, a price-to-earnings-growth ratio of 0.21 and a beta of 0.82. 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 50 day moving average price of GBX 21.50 and a two-hundred day moving average price of GBX 24.35.

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.

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