David J. B. Shearer Acquires 150,000 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer acquired 150,000 shares of Speedy Hire stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 28 ($0.35) per share, with a total value of £42,000 ($53,245.44).

Speedy Hire Stock Performance

SDY opened at GBX 30.15 ($0.38) on Thursday. The business has a 50 day moving average price of GBX 33.89 and a two-hundred day moving average price of GBX 34.31. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The company has a market capitalization of £139.24 million, a price-to-earnings ratio of 2,997.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a 1-year low of GBX 22.50 ($0.29) and a 1-year high of GBX 41 ($0.52).

Speedy Hire Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 5th will be paid a GBX 0.80 ($0.01) dividend. This represents a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 5th. Speedy Hire’s dividend payout ratio is presently 30,000.00%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 70 ($0.89) price target on shares of Speedy Hire in a research report on Thursday, November 21st.

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.