Ashtead Technology (LON:AT) Trading 0.3% Higher

Ashtead Technology Holdings Plc (LON:ATGet Rating)’s stock price traded up 0.3% during mid-day trading on Thursday . The stock traded as high as GBX 383.27 ($4.77) and last traded at GBX 380 ($4.73). 181,543 shares changed hands during trading, The stock had previously closed at GBX 379 ($4.71).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank began coverage on Ashtead Technology in a research note on Wednesday, February 8th. They set a “buy” rating and a GBX 405 ($5.04) price target for the company.

Ashtead Technology Price Performance

The stock has a market capitalization of £303.81 million and a P/E ratio of 2,375.00. The company has a quick ratio of 1.46, a current ratio of 1.84 and a debt-to-equity ratio of 37.66. The firm has a fifty day moving average price of GBX 333.73 and a two-hundred day moving average price of GBX 319.20.

Ashtead Technology Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, June 23rd. Investors of record on Thursday, May 25th will be given a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.29%. The ex-dividend date is Thursday, May 25th. Ashtead Technology’s dividend payout ratio (DPR) is currently 625.00%.

About Ashtead Technology

(Get Rating)

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. It offers survey and robotics equipment comprising survey sensors, geophysical, hydrographic, metocean, subsea inspection, remote visual inspection, and environmental products; mechanical solutions, consisting of cutting, coating removal, dredging, diver mechanical tools, ROV tooling, ROV/hydraulic, and fabrication solutions; and asset integrity solutions, including subsea infrastructure inspection, riser cleaning and inspection, hull and mooring inspection, subsea sensor packages, and deflection monitoring.

Further Reading

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