Ashtead Technology (LON:AT) Insider Buys £40,185 in Stock

Ashtead Technology Holdings Plc (LON:AT) insider Jean Cahuzac acquired 9,500 shares of Ashtead Technology stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of GBX 423 per share, with a total value of £40,185.

Ashtead Technology Price Performance

AT traded up GBX 10.50 during midday trading on Thursday, hitting GBX 427. 386,737 shares of the company traded hands. The business has a 50 day simple moving average of GBX 465.43 and a two-hundred day simple moving average of GBX 403.79. Ashtead Technology Holdings Plc has a 52-week low of GBX 426 and a 52-week high of GBX 893. The company has a market capitalization of £338.64 million, a price-to-earnings ratio of 13.79 and a beta of 0.43. The company has a current ratio of 2.25, a quick ratio of 1.46 and a debt-to-equity ratio of 78.29.

Ashtead Technology (LON:AT) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 49.40 earnings per share for the quarter. Ashtead Technology had a net margin of 15.85% and a return on equity of 21.84%. On average, equities analysts forecast that Ashtead Technology Holdings Plc will post 42.8247734 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Ashtead Technology

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.