Speedy Hire (LON:SDY) Shares Down 7.9% - Time to Sell?

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.

Shares of Speedy Hire Plc (LON:SDY - Get Free Report) were down 7.9% on Thursday . The stock traded as low as GBX 24 ($0.33) and last traded at GBX 24.05 ($0.33). Approximately 1,654,310 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 1,125,078 shares. The stock had previously closed at GBX 26.10 ($0.35).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 60 target price on shares of Speedy Hire in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 65.

Speedy Hire Price Performance

The firm has a market cap of £109.60 million, a price-to-earnings ratio of -9,916.67, a P/E/G ratio of 0.21 and a beta of 1.25. The business's 50-day moving average price is GBX 29.33 and its two-hundred day moving average price is GBX 24.58. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

Speedy Hire (LON:SDY - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The company reported GBX 1.41 EPS for the quarter. Speedy Hire had a net margin of 0.64% and a return on equity of 1.51%. On average, research analysts forecast that Speedy Hire Plc will post 3.6102868 EPS for the current fiscal year.

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.