Insider Buying: Speedy Hire Plc (LON:SDY) Insider Acquires 150,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer purchased 150,000 shares of Speedy Hire stock in a transaction dated Monday, November 25th. The stock was bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,890.06).

Speedy Hire Price Performance

LON SDY traded up GBX 0.15 ($0.00) on Monday, reaching GBX 28.35 ($0.36). 1,128,420 shares of the company’s stock traded hands, compared to its average volume of 1,347,337. The stock has a market cap of £130.93 million, a PE ratio of 2,820.00, a P/E/G ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a 12 month low of GBX 22.50 ($0.28) and a 12 month high of GBX 41 ($0.52). 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 stock has a 50-day simple moving average of GBX 34.20 and a 200 day simple moving average of GBX 34.32.

Speedy Hire Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 70 ($0.88) price target on shares of Speedy Hire in a research note on Thursday.

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.