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

Shares of Ashtead Technology Holdings Plc (LON:AT) were down 3.2% during trading on Wednesday . The stock traded as low as GBX 425.50 and last traded at GBX 426. Approximately 243,436 shares changed hands during trading, The stock had previously closed at GBX 440.

Analyst Upgrades and Downgrades

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

Ashtead Technology Trading Up 0.4%

The firm has a market cap of £333.88 million, a price-to-earnings ratio of 13.59 and a beta of 0.32. The company’s 50-day moving average price is GBX 387.58 and its 200-day moving average price is GBX 357.65. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 104.37.

Insider Activity at Ashtead Technology

In other news, insider Tony Durrant bought 30,000 shares of Ashtead Technology stock in a transaction on Friday, January 2nd. The stock was acquired at an average price of GBX 306 per share, with a total value of £91,800. 3.28% of the stock is owned by 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. 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.