Ashtead Technology Holdings Plc (LON:AT – Get Free Report) was up 1.6% during trading on Friday . The company traded as high as GBX 828 ($10.61) and last traded at GBX 828 ($10.61). Approximately 96,642 shares traded hands during trading, The stock had previously closed at GBX 815 ($10.44).
Analyst Ratings Changes
Separately, Berenberg Bank lifted their price target on shares of Ashtead Technology from GBX 700 ($8.97) to GBX 775 ($9.93) and gave the company a “buy” rating in a research note on Tuesday, April 16th.
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Ashtead Technology Stock Performance
The firm has a market cap of £670.61 million, a PE ratio of 3,066.67 and a beta of 0.31. The firm has a fifty day moving average price of GBX 791.66 and a 200 day moving average price of 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 disclosed a dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 2nd were issued a GBX 1.10 ($0.01) dividend. This is a positive change from Ashtead Technology’s previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a dividend yield of 0.15%. Ashtead Technology’s dividend payout ratio is 370.37%.
Insider Activity
In other Ashtead Technology news, insider William(Bill) Mervyn FrewCarey Shannon purchased 3,015 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of GBX 660 ($8.45) per share, with a total value of £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 dated Thursday, April 18th. The stock was sold at an average price of GBX 743 ($9.52), for a total value of £612,759.53 ($784,884.76). Also, insider William(Bill) Mervyn FrewCarey Shannon acquired 3,015 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average cost of GBX 660 ($8.45) per share, for a total transaction of £19,899 ($25,488.66). 3.28% of the stock is currently owned by company insiders.
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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.
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