Shatish D. Dasani Acquires 70,000 Shares of Speedy Hire Plc (LON:SDY) Amid Market Activity

February 04, 2025 08:07 PM AEDT | By Team Kalkine Media

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Shatish D. Dasani Acquires 70,000 Shares of Speedy Hire Plc (LON:SDY) Amid Market Activity — Image source: shutterstock

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Highlights

Insider transaction Shatish D. Dasani acquired 70,000 shares of Speedy Hire Plc (SDY).

Stock movement Shares opened at GBX 19.79, maintaining stability within recent trading ranges.

Financial metrics The company holds a market capitalization of £91.42 million with a PE ratio of 1,979.40.

Speedy Hire Plc (LON:SDY), a key player among LON industrials stocks, recorded insider trading activity as Shatish D. Dasani acquired 70,000 shares on February 3rd at an average price of GBX 20 per share. This transaction reflects ongoing developments within the company as it continues operations across the UK and Ireland. The stock opened at GBX 19.79 on Tuesday, positioning itself near its recent trading range.

The company operates within the construction, infrastructure, and industrial markets, offering a wide array of tools and equipment hire services. With a 52-week range fluctuating between GBX 18.39 and GBX 41, Speedy Hire (LON:SDY) has seen shifts in valuation driven by market dynamics. Its 50-day moving average stands at GBX 28.54, while the 200-day moving average is GBX 33.33.

The firm maintains a debt-to-equity ratio of 115.48, alongside a quick ratio of 0.90 and a current ratio of 0.94. Market capitalization remains at £91.42 million, while its PE ratio currently stands at 1,979.40, reflecting its earnings framework. Additionally, the price-to-earnings-growth ratio is reported at 0.21, and the stock holds a beta of 1.25, indicating relative volatility compared to broader market trends.

In the latest earnings report on November 21st, Speedy Hire (LON:SDY) posted an EPS of GBX 0.07 for the quarter. The company's return on equity was recorded at 1.50%, with a net margin of 0.64%. Analysts tracking the company project earnings per share at approximately 3.61 for the current financial year.

Dividend adjustments have also been a notable development. The company recently announced a dividend that was distributed on January 17th. Shareholders of record as of December 5th received a GBX 0.80 dividend, resulting in a yield of 2.76%. The ex-dividend date for this payout was December 5th. The payout ratio currently stands at 30,000.00%, reflecting the dividend distribution strategy.

Operating across multiple sectors, Speedy Hire (LON:SDY) provides equipment rental solutions tailored to construction, industrial, and infrastructure projects. Its portfolio includes access and lifting tools, rail and survey equipment, generators, compressors, and specialized plant hire solutions. With a strong presence in the UK and Ireland, the company continues to support industry demands through its broad service offerings.

Market activity remains in focus as Speedy Hire (LON:SDY) continues to navigate industry conditions and financial performance indicators. The recent insider transaction highlights key movements within the company while broader stock trends shape its valuation in the current market landscape.

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