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

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

Analyst Ratings Changes

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

Ashtead Technology Price Performance

The firm has a market cap of £360.05 million, a PE ratio of 14.66 and a beta of 0.41. The stock has a 50 day simple moving average of GBX 470.28 and a two-hundred day simple moving average of GBX 416.39. The company has a debt-to-equity ratio of 78.29, a quick ratio of 1.46 and a current ratio of 2.25.

Insiders Place Their Bets

In related news, insider Jean Cahuzac acquired 9,500 shares of the 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. Company insiders own 3.28% of the company’s stock.

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.