Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 300 shares, an increase of 50.0% from the December 15th total of 200 shares. Based on an average daily trading volume, of 88,000 shares, the short-interest ratio is presently 0.0 days.
Ashtead Group Trading Up 2.3 %
Shares of ASHTY stock traded up $5.60 on Wednesday, hitting $247.00. The stock had a trading volume of 50,423 shares, compared to its average volume of 72,991. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. Ashtead Group has a twelve month low of $235.29 and a twelve month high of $337.95. The company has a fifty day moving average price of $287.81 and a two-hundred day moving average price of $287.49. The firm has a market cap of $26.98 billion, a P/E ratio of 17.51, a PEG ratio of 1.72 and a beta of 1.69.
Ashtead Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 10th will be paid a $1.44 dividend. The ex-dividend date of this dividend is Friday, January 10th. Ashtead Group's payout ratio is 19.70%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on ASHTY shares. Berenberg Bank upgraded Ashtead Group to a "strong-buy" rating in a research report on Thursday, September 19th. Royal Bank of Canada upgraded Ashtead Group from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group downgraded shares of Ashtead Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th.
Check Out Our Latest Report on ASHTY
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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