Ashtead Technology (LON:AT) Trading Down 1.8% - Should You Sell?

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) shares were down 1.8% during mid-day trading on Thursday . The stock traded as low as GBX 451.50 ($6.13) and last traded at GBX 451.50 ($6.13). Approximately 331,384 shares traded hands during mid-day trading, The stock had previously closed at GBX 460 ($6.24).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 800 ($10.85) price target on shares of Ashtead Technology in a report on Wednesday, April 30th.

Ashtead Technology Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83. The stock has a fifty day simple moving average of GBX 462.92 and a two-hundred day simple moving average of GBX 509.69. The company has a market cap of £354.50 million, a PE ratio of 14.43 and a beta of 0.28.

Ashtead Technology (LON:AT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 45 ($0.61) EPS for the quarter. Ashtead Technology had a net margin of 17.37% and a return on equity of 23.56%. On average, equities analysts predict that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current fiscal year.

Ashtead Technology Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 1st were paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 0.21%. This is a positive change from Ashtead Technology's previous dividend of $1.10. Ashtead Technology's dividend payout ratio (DPR) is presently 3.23%.

About Ashtead Technology

Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East. The company offers survey and robotics equipment comprising geophysical, hydrographic, metocean, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection, and environmental products.