Speedy Hire (LON:SDY) Trading 5.4% Higher - Here's What Happened

Speedy Hire Plc (LON:SDY - Get Free Report) rose 5.4% on Monday . The company traded as high as GBX 19.98 ($0.26) and last traded at GBX 18.97 ($0.25). Approximately 4,186,063 shares were traded during mid-day trading, an increase of 208% from the average daily volume of 1,357,554 shares. The stock had previously closed at GBX 18 ($0.24).

Speedy Hire Stock Performance

The company has a 50-day moving average of GBX 19.40 and a 200-day moving average of GBX 26.82. The firm has a market capitalization of £86.06 million, a price-to-earnings ratio of 31.59, 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.

Insiders Place Their Bets

In other news, insider Paul A. Rayner purchased 12,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was acquired at an average price of GBX 20 ($0.26) per share, for a total transaction of £2,500 ($3,270.97). Also, insider Shatish D. Dasani acquired 70,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of GBX 20 ($0.26) per share, for a total transaction of £14,000 ($18,317.41). 5.33% of the stock is owned by corporate insiders.

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.