Ashtead Group (OTCMKTS:ASHTY) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $228.01 and traded as low as $212.44. Ashtead Group shares last traded at $213.47, with a volume of 28,560 shares changing hands.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Ashtead Group in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Ashtead Group has an average rating of "Buy".

Ashtead Group Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.22 and a current ratio of 1.31. The stock's fifty day moving average price is $226.06 and its 200-day moving average price is $264.12. The firm has a market cap of $24.11 billion, a PE ratio of 15.81, a P/E/G ratio of 1.49 and a beta of 1.69.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $3.09 EPS for the quarter, missing analysts' consensus estimates of $3.47 by ($0.38). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, equities analysts forecast that Ashtead Group plc will post 15.51 EPS for the current fiscal year.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.