Speedy Hire (LON:SDY) Share Price Crosses Below 200 Day Moving Average of $57.63
Speedy Hire Plc (LON:SDY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.63 and traded as low as $48.25. Speedy Hire shares last traded at $48.30, with a volume of 699,230 shares trading hands.
A number of brokerages have issued reports on SDY. Liberum Capital restated a “buy” rating on shares of Speedy Hire in a research note on Thursday, July 11th. Peel Hunt restated a “buy” rating on shares of Speedy Hire in a research note on Thursday, July 11th.
The stock has a market cap of $253.76 million and a P/E ratio of 11.50. The company has a debt-to-equity ratio of 47.92, a quick ratio of 1.17 and a current ratio of 1.30. The business has a 50 day simple moving average of GBX 54.53 and a 200-day simple moving average of GBX 57.63.
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, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.
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