Ashtead Technology (LON:AT – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 20.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ashtead Technology had a net margin of 15.56% and a return on equity of 19.41%.
Ashtead Technology Stock Performance
Shares of AT traded down GBX 1.50 during trading hours on Friday, reaching GBX 338.50. 543,924 shares of the company traded hands. The company has a quick ratio of 1.46, a current ratio of 2.21 and a debt-to-equity ratio of 73.72. The business has a fifty day moving average price of GBX 405.55 and a 200-day moving average price of GBX 433.42. Ashtead Technology has a 12-month low of GBX 426 and a 12-month high of GBX 893. The stock has a market capitalization of £268.45 million, a P/E ratio of 10.93 and a beta of 0.41.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Berenberg Bank lowered their price objective on Ashtead Technology from GBX 700 to GBX 650 and set a “buy” rating for the company in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 650 price target on shares of Ashtead Technology in a report on Wednesday. Finally, Royal Bank Of Canada lowered Ashtead Technology to a “sector perform” rating and dropped their price target for the stock from GBX 560 to GBX 400 in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ashtead Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 605.
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.
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