Speedy Hire (LON:SDY) Trading Down 7.9% - Here's Why

Key Points

• Speedy Hire Plc shares fell by 7.9%, trading at GBX 24.05 ($0.32), with a significant increase in trading volume of 47% compared to its average.
• The company's current ratio is 0.94, indicating potential liquidity issues, while its debt-to-equity ratio stands at a high 115.48.
• In the latest earnings report, Speedy Hire posted earnings of GBX 1.41 per share, with analysts predicting total earnings of 3.61 for the year.

Speedy Hire Plc (LON:SDY - Get Free Report)'s stock price traded down 7.9% during mid-day trading on Thursday . The company traded as low as GBX 24 ($0.32) and last traded at GBX 24.05 ($0.32). 1,654,310 shares were traded during mid-day trading, an increase of 47% from the average session volume of 1,125,078 shares. The stock had previously closed at GBX 26.10 ($0.35).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 60 target price on shares of Speedy Hire in a research note on Thursday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Speedy Hire presently has a consensus rating of "Buy" and an average target price of GBX 65.

Speedy Hire Stock Down 2.3%

The stock has a market capitalization of £109.83 million, a price-to-earnings ratio of -9,937.50, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The firm has a 50-day moving average of GBX 29.44 and a 200 day moving average of GBX 24.55.

Speedy Hire (LON:SDY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The company reported GBX 1.41 earnings per share for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. On average, sell-side analysts anticipate that Speedy Hire Plc will post 3.6102868 earnings per share 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.