Ashtead Technology (LON:AT) Stock Price Down 0.2% – Here’s What Happened

Ashtead Technology Holdings Plc (LON:AT) shares were down 0.2% during mid-day trading on Thursday . The company traded as low as GBX 450.50 and last traded at GBX 454. 251,626 shares traded hands during mid-day trading, The stock had previously closed at GBX 455.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 600 price objective on shares of Ashtead Technology in a research report on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 637.

Ashtead Technology Trading Down 0.2%

The business has a fifty day moving average price of GBX 470.28 and a two-hundred day moving average price of GBX 416.39. The company has a current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29. The firm has a market capitalization of £360.05 million, a PE ratio of 14.66 and a beta of 0.41.

Insider Buying and Selling

In related news, insider Jean Cahuzac bought 9,500 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of GBX 423 per share, with a total value of £40,185. 3.28% of the stock is owned by insiders.

Ashtead Technology Company Profile

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. It also provides mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and diver tooling, intervention skids, topside support, recovery tools, ancillary deck equipment, and fabrication solutions.