Ashtead Technology (LON:AT) Issues Earnings Results

Ashtead Technology (LON:AT) issued its earnings results on Tuesday. The company reported GBX 49.40 EPS for the quarter, Digital Look Earnings reports. Ashtead Technology had a return on equity of 22.09% and a net margin of 15.68%.

Ashtead Technology Stock Down 1.6%

Shares of LON AT opened at GBX 367.50 on Tuesday. The company has a debt-to-equity ratio of 104.37, a current ratio of 2.35 and a quick ratio of 1.46. The company has a 50-day moving average price of GBX 400.11 and a 200-day moving average price of GBX 360.56. The stock has a market capitalization of £291.45 million, a P/E ratio of 11.86 and a beta of 0.34. Ashtead Technology has a 1 year low of GBX 426 and a 1 year high of GBX 893.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 700 price objective on shares of Ashtead Technology in a research note on Monday, January 19th. Peel Hunt reaffirmed a “buy” rating and set a GBX 725 target price on shares of Ashtead Technology in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 646.25.

Insider Buying and Selling at Ashtead Technology

In other Ashtead Technology news, insider Tony Durrant purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were 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 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. 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.