Ashtead Group (LON:AHT) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Ashtead Group plc (LON:AHT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,307.58 and traded as high as GBX 5,400. Ashtead Group shares last traded at GBX 5,326, with a volume of 31,132,814 shares trading hands.

Ashtead Group Price Performance

The company has a debt-to-equity ratio of 142.74, a current ratio of 1.28 and a quick ratio of 1.13. The business has a 50 day moving average of GBX 5,326 and a 200 day moving average of GBX 5,307.71. The firm has a market capitalization of £22.10 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

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. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.