Ashtead Technology (LON:AT) Stock Price Down 1.7% – Time to Sell?

Shares of Ashtead Technology Holdings Plc (LON:AT) dropped 1.7% during trading on Monday . The company traded as low as GBX 526 ($6.44) and last traded at GBX 526 ($6.44). Approximately 108,839 shares were traded during trading, The stock had previously closed at GBX 535 ($6.55).

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on shares of Ashtead Technology from GBX 775 ($9.49) to GBX 800 ($9.79) and gave the company a “buy” rating in a research note on Thursday, October 24th.

Ashtead Technology Price Performance

The company has a debt-to-equity ratio of 70.83, a quick ratio of 1.46 and a current ratio of 1.82. The firm has a market cap of £422.38 million, a price-to-earnings ratio of 1,753.33 and a beta of 0.28. The business’s 50 day moving average price is GBX 532.98 and its 200 day moving average price is GBX 644.73.

Insider Activity at Ashtead Technology

In related news, insider William(Bill) Mervyn FrewCarey Shannon bought 13,000 shares of the stock in a transaction on Thursday, November 28th. The stock was bought at an average price of GBX 550 ($6.73) per share, with a total value of £71,500 ($87,515.30). 3.28% of the stock is owned by corporate insiders.

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.