Ashtead Technology (LON:AT) Shares Down 3.2% – Should You Sell?

Ashtead Technology Holdings Plc (LON:AT)’s stock price was down 3.2% during mid-day trading on Wednesday . The stock traded as low as GBX 425.50 and last traded at GBX 426. Approximately 243,436 shares traded hands during trading, The stock had previously closed at GBX 440.

Analyst Ratings Changes

AT has been the subject of a number of recent research reports. Peel Hunt reiterated a “buy” rating and set a GBX 725 price objective on shares of Ashtead Technology in a research note on Thursday, November 20th. Berenberg Bank restated a “buy” rating and set a GBX 700 target price on shares of Ashtead Technology in a research note on Monday, January 19th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ashtead Technology has a consensus rating of “Buy” and an average price target of GBX 646.25.

Ashtead Technology Stock Performance

The company has a current ratio of 2.35, a quick ratio of 1.46 and a debt-to-equity ratio of 104.37. The firm’s fifty day moving average price is GBX 385.51 and its two-hundred day moving average price is GBX 357.21. The stock has a market capitalization of £337.85 million, a PE ratio of 13.75 and a beta of 0.32.

Insider Buying and Selling

In related news, insider Tony Durrant acquired 30,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were acquired at an average cost of GBX 306 per share, with a total value of £91,800. 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.