Ashtead Technology (LON:AT) Trading Down 1.7% – What’s Next?

Ashtead Technology Holdings Plc (LON:AT)’s share price fell 1.7% during mid-day trading on Monday . The company traded as low as GBX 526 ($6.44) and last traded at GBX 526 ($6.44). 108,839 shares traded hands during trading, The stock had previously closed at GBX 535 ($6.55).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on Ashtead Technology from GBX 775 ($9.48) to GBX 800 ($9.79) and gave the company a “buy” rating in a research note on Thursday, October 24th.

Ashtead Technology Stock Down 1.7 %

The stock’s fifty day moving average is GBX 533.06 and its two-hundred day moving average is GBX 646.08. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83. The company has a market capitalization of £422.38 million, a PE ratio of 1,753.33 and a beta of 0.28.

Insider Activity at Ashtead Technology

In related news, insider William(Bill) Mervyn FrewCarey Shannon purchased 13,000 shares of Ashtead Technology stock in a transaction dated Thursday, November 28th. The stock was bought at an average cost of GBX 550 ($6.73) per share, for a total transaction of £71,500 ($87,493.88). 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. 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.