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Speedy Hire Plc (LON:SDY – Get Free Report)’s share price was up 18.8% during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.70 ($0.39). Approximately 4,539,014 shares were traded during mid-day trading, an increase of 313% from the average daily volume of 1,098,396 shares. The stock had previously closed at GBX 24.17 ($0.33).
Specifically, insider Shatish D. Dasani acquired 10,500 shares of Speedy Hire stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average cost of GBX 28 per share, for a total transaction of £2,940. Also, insider David J. B. Shearer bought 250,000 shares of the stock in a transaction on Monday, October 6th. The shares were acquired at an average price of GBX 28 per share, with a total value of £70,000.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 price target on shares of Speedy Hire in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 65.
Read Our Latest Stock Analysis on Speedy Hire
Speedy Hire Stock Up 18.8%
The firm has a 50 day simple moving average of GBX 26.99 and a two-hundred day simple moving average of GBX 25.20. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The stock has a market cap of £132.17 million, a P/E ratio of -11,958.33, a P/E/G ratio of 0.21 and a beta of 1.25.
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.
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