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. In addition, the company offers rehire, partnered, fuel management, testing, inspection, certification, advisory/technical, powered access, out of hours, building information modelling, and aviation services, as well as customer service centers; and site and traffic management and other training services. It sells its products through a network of approximately 207 depots, as well as online. Speedy Hire Plc was incorporated in 1968 and is headquartered in Newton-le-Willows, the United Kingdom.
Speedy Hire Stock Down 1.7 %
Shares of Speedy Hire stock opened at GBX 47.54 ($0.57) on Thursday. Speedy Hire has a 1-year low of GBX 41.65 ($0.50) and a 1-year high of GBX 72.90 ($0.88). The company has a market capitalization of £235.80 million and a P/E ratio of 1,208.75. The business's fifty day moving average price is GBX 45.31 and its two-hundred day moving average price is GBX 49.46. The company has a debt-to-equity ratio of 64.80, a current ratio of 0.97 and a quick ratio of 0.85.
Speedy Hire Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, August 11th will be given a dividend of GBX 1.45 ($0.02) per share. This represents a dividend yield of 3.06%. This is an increase from Speedy Hire's previous dividend of $0.75. The ex-dividend date is Thursday, August 11th. Speedy Hire's payout ratio is 53.75%.
Insider Transactions at Speedy Hire
In other news, insider David J. B. Shearer bought 100,000 shares of the company's stock in a transaction that occurred on Monday, June 6th. The shares were purchased at an average price of GBX 48 ($0.58) per share, with a total value of £48,000 ($57,999.03).