Shares of Ashtead Technology Holdings Plc (LON:AT - Get Free Report) fell 1.8% on Thursday . The company traded as low as GBX 451.50 ($6.13) and last traded at GBX 451.50 ($6.13). 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 reiterated a "buy" rating and issued a GBX 800 ($10.86) target price on shares of Ashtead Technology in a research note on Wednesday, April 30th.
Check Out Our Latest Stock Report on AT
Ashtead Technology Stock Performance
The stock has a market cap of £352.12 million, a PE ratio of 14.33 and a beta of 0.28. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The firm has a 50 day moving average price of GBX 462.26 and a 200 day moving average price of GBX 509.02.
Ashtead Technology (LON:AT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX 45 ($0.61) EPS for the quarter. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%. As a group, research analysts forecast that Ashtead Technology Holdings Plc will post 42.8247734 earnings per share for the current year.
Ashtead Technology Increases Dividend
The company also recently declared a dividend, which was paid on Thursday, May 29th. Stockholders 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 currently 3.23%.
Ashtead Technology Company Profile
(
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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.
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