Speedy Hire (LON:SDY) Reaches New 12-Month Low – Here’s Why

Speedy Hire Plc (LON:SDY) reached a new 52-week low on Tuesday. The company traded as low as GBX 14.12 and last traded at GBX 14.28, with a volume of 2699302 shares. The stock had previously closed at GBX 14.24.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on shares of Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating on the stock in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 53.

Speedy Hire Trading Up 0.3%

The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 224.84. The business’s 50 day moving average is GBX 17.28 and its 200-day moving average is GBX 19.01. The firm has a market cap of £65.84 million, a P/E ratio of -2.47, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70.

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. 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.