Ashtead Technology (LON:AT) Shares Down 0.2% – Should You Sell?

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

Analyst Ratings Changes

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

Ashtead Technology Stock Performance

The business has a 50-day simple moving average of GBX 469.31 and a 200 day simple moving average of GBX 416.65. The company has a debt-to-equity ratio of 78.29, a current ratio of 2.25 and a quick ratio of 1.46. The firm has a market cap of £354.11 million, a PE ratio of 14.41 and a beta of 0.41.

Insider Activity at Ashtead Technology

In other news, insider Jean Cahuzac acquired 9,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average cost of GBX 423 per share, for a total transaction 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.