Ashtead Technology Holdings Plc (LON:AT – Get Free Report ) rose 1.6% during trading on Friday. The company’s highest price was £828 ($10.61) and its last trade was at £828 ($10.61). Around 96,642 shares were traded during trading, and the stock had previously closed at £815 ($10.44).
Analyst Rating Changes
Meanwhile, Berenberg Bank increased their price objective on Ashtead Technology from £700 ($8.97) to £775 ($9.93) and gave the company a “buy” rating in a research note on Tuesday, April 16th.
Get the latest AT stock report
Ashtead Technology Stock Performance
The company has a market capitalization of GBP 670.61 million, a price-to-earnings ratio (PE) of 3,066.67 and a beta of 0.31. The company’s 50-day moving average price is GBX 791.66 and 200-day moving average price is GBX 726.79. The company has a current ratio of 1.33, a quick ratio of 1.46 and a debt-to-equity ratio of 74.30.
Ashtead Technology increases dividend
The company also recently declared a dividend, which was paid on Monday, June 3rd. Shareholders named on the shareholder register on Thursday, May 2nd were paid a dividend of GBX1.10 ($0.01). This is a positive change from Ashtead Technology’s previous dividend of $1.00. The ex-dividend date for this dividend was Thursday, May 2nd. This equates to a dividend yield of 0.15%. Ashtead Technology has a dividend payout ratio of 370.37%.
Insider Activities
In other Ashtead Technology news, insider William (Bill) Marvin Freak Carrie Shannon bought 3,015 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of GBP 660 ($8.45) per share, for a total value of GBP 19,899 ($25,488.66). In other Ashtead Technology news, insider Ingrid Stewart sold 82,471 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of GBP 743 ($9.52), for a total value of GBP 612,759.53 ($784,884.76). Also, insider William (Bill) Marvin Freak “Cary” Shannon acquired 3,015 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of GBP660 ($8.45) per share, for a total transaction value of GBP19,899 ($25,488.66). 3.28% of the stock is now owned by company insiders.
About Ashtead Technology
(Get your free report)
Ashtead Technology Holdings Plc provides subsea equipment rental solutions for the offshore energy sector in Europe, America, Asia Pacific and the Middle East. The company offers surveying and robotic equipment such as geophysical, hydrographic, marine meteorological, land surveying, positioning, ROV sensors, non-destructive testing, subsea inspection, remote visual inspection and environmental products; machinery solutions such as subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tools, intervention skids, topside support, recovery tools, pumps, reels, auxiliary deck equipment, manufacturing solutions; and asset integrity solutions such as imaging and inspection, oceanography, marine life removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and asset life monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology and remote operation.
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