Speedy Hire (LON:SDY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Speedy Hire Plc (LON:SDY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 34.21 ($0.43) and traded as low as GBX 29.42 ($0.37). Speedy Hire shares last traded at GBX 30.05 ($0.38), with a volume of 768,492 shares traded.

Speedy Hire Price Performance

The stock has a market capitalization of £138.78 million, a P/E ratio of 3,005.00, a PEG ratio of 0.21 and a beta of 1.25. The business has a fifty day simple moving average of GBX 35 and a 200-day simple moving average of GBX 34.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Insider Buying and Selling

In other news, insider Paul A. Rayner bought 105,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average cost of GBX 36 ($0.45) per share, for a total transaction of £37,800 ($47,637.05). 5.33% of the stock is owned by company insiders.

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.