Speedy Hire Plc (LON:SDY) Insider Paul A. Rayner Purchases 65,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider Paul A. Rayner acquired 65,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,815.59).

Speedy Hire Price Performance

Shares of LON:SDY opened at GBX 28.20 ($0.35) on Friday. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. Speedy Hire Plc has a 12 month low of GBX 22.50 ($0.28) and a 12 month high of GBX 41 ($0.51). The firm has a market capitalization of £130.24 million, a P/E ratio of 2,820.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company’s fifty day moving average price is GBX 34.37 and its 200 day moving average price is GBX 34.24.

Speedy Hire Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.