Ashtead Group (OTCMKTS:ASHTY) Share Price Crosses Above 50 Day Moving Average of $286.46

Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $286.46 and traded as high as $306.01. Ashtead Group shares last traded at $304.95, with a volume of 2,774 shares changing hands.

Ashtead Group Stock Up 2.4 %

The company's fifty day simple moving average is $286.46 and its 200 day simple moving average is $270.68. The firm has a market capitalization of $34.13 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 3.38 and a beta of 1.73. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 1.24.

Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.09. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.62 billion. Ashtead Group had a return on equity of 26.48% and a net margin of 16.64%. Research analysts expect that Ashtead Group plc will post 15.3 EPS for the current 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.