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

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer acquired 150,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,750.57).

Speedy Hire Price Performance

Shares of SDY opened at GBX 28.35 ($0.36) on Tuesday. The company has a market capitalization of £130.93 million, a price-to-earnings ratio of 2,835.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a fifty-two week low of GBX 22.50 ($0.28) and a fifty-two week high of GBX 41 ($0.51). The firm has a 50-day simple moving average of GBX 34.20 and a 200-day simple moving average of GBX 34.32. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Speedy Hire Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 70 ($0.88) target price 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.