Ashtead Technology (LON:AT) Sets New 12-Month Low - Here's Why

Ashtead Technology Holdings Plc (LON:AT - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 433.50 ($5.67) and last traded at GBX 462 ($6.05), with a volume of 585592 shares trading hands. The stock had previously closed at GBX 465 ($6.09).

Ashtead Technology Stock Down 1.6 %

The company has a 50 day moving average of GBX 524.33. The stock has a market cap of £364.81 million, a P/E ratio of 14.85 and a beta of 0.28. The company has a current ratio of 1.82, a quick ratio of 1.46 and a debt-to-equity ratio of 70.83.

Ashtead Technology (LON:AT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 45 ($0.59) earnings per share for the quarter. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%. Equities analysts anticipate that Ashtead Technology Holdings Plc will post 42.8247734 EPS for the current year.

Ashtead Technology Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 1st will be paid a GBX 1.20 ($0.02) dividend. This is a boost from Ashtead Technology's previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 0.21%. Ashtead Technology's payout ratio is 3.23%.

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.