Speedy Hire (LON:SDY) Shares Up 5.4% - Here's Why

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

Speedy Hire Stock Performance

The stock has a 50-day moving average of GBX 19.40 and a 200 day moving average of GBX 26.89. The firm has a market capitalization of £86.06 million, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Insider Activity at Speedy Hire

In other news, insider Paul A. Rayner acquired 12,500 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of GBX 20 ($0.26) per share, for a total transaction of £2,500 ($3,272.25). Also, insider Shatish D. Dasani bought 70,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of GBX 20 ($0.26) per share, with a total value of £14,000 ($18,324.61). 5.33% of the stock is currently owned by company 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.