Ashtead Group (LON:AHT) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Ashtead Group plc (LON:AHT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,143.54 and traded as high as GBX 5,400. Ashtead Group shares last traded at GBX 5,326, with a volume of 31,132,814 shares.

Ashtead Group Price Performance

The firm has a 50-day moving average of GBX 5,316.64 and a two-hundred day moving average of GBX 5,143.11. The firm has a market capitalization of £22.10 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 142.74.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services. The company offers its products and services for facilities maintenance and municipalities, such as office complexes, apartment complexes, government, hospitals, data centers, parks and recreation departments, schools and universities, shopping centers, pavement/kerb repairs, and golf course maintenance; construction of airports, highways and bridges, office buildings, data centers, schools and universities, shopping centers, residential, remodeling, manufacturing plants, and green energy plants; emergency response for fire, hurricanes, flooding, tornadoes, winter, storms, residential and health emergencies, alternative care facilities, points of distribution, and mobile testing facilities; and entertainment and special events, including national events, concerts, sporting events, film and telvision production, theme parks, festivals farmers' markets, local 5k runs, and cycle races.