Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $281.04 and traded as low as $268.16. Ashtead Group shares last traded at $270.57, with a volume of 32,468 shares changing hands.
Wall Street Analyst Weigh In
ASHTY has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of Ashtead Group from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group cut Ashtead Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th.
View Our Latest Stock Report on ASHTY
Ashtead Group Price Performance
The company has a fifty day moving average of $279.94 and a 200-day moving average of $287.23. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The stock has a market cap of $29.79 billion, a PE ratio of 19.35, a P/E/G ratio of 1.77 and a beta of 1.69.
Ashtead Group (OTCMKTS:ASHTY - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $4.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.96 by ($0.32). Ashtead Group had a return on equity of 22.65% and a net margin of 14.78%. Sell-side analysts expect that Ashtead Group plc will post 14.56 EPS for the current fiscal year.
Ashtead Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, February 24th. Stockholders of record on Friday, January 10th will be paid a $1.44 dividend. The ex-dividend date is Friday, January 10th. Ashtead Group's payout ratio is presently 19.70%.
About Ashtead Group
(
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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.
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