Ashtead Technology (LON:AT) Stock Price Up 1.4% – Time to Buy?

Ashtead Technology Holdings Plc (LON:AT) shares rose 1.4% on Tuesday . The company traded as high as GBX 504 ($6.76) and last traded at GBX 498.50 ($6.69). Approximately 256,007 shares changed hands during mid-day trading, The stock had previously closed at GBX 491.50 ($6.59).

Ashtead Technology Stock Performance

The company has a market cap of £395.34 million, a price-to-earnings ratio of 16.09 and a beta of 0.28. The stock’s fifty day simple moving average is GBX 506.79 and its two-hundred day simple moving average is GBX 532.14. The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82.

Ashtead Technology (LON:AT) last posted its earnings results on Tuesday, March 25th. The company reported GBX 45 ($0.60) earnings per share for the quarter. Ashtead Technology had a net margin of 17.37% and a return on equity of 23.56%. Equities research analysts anticipate that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current year.

Ashtead Technology Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 1st will be issued a dividend of GBX 1.20 ($0.02) per share. This is a positive change from Ashtead Technology’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 0.21%. Ashtead Technology’s payout ratio is presently 3.23%.

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.