Ashtead Technology (LON:AT) Shares Down 1.6% - Here's What Happened

Ashtead Technology Holdings Plc (LON:AT - Get Free Report) traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as GBX 532 ($6.60) and last traded at GBX 550 ($6.82). 250,263 shares were traded during trading, The stock had previously closed at GBX 559 ($6.93).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on Ashtead Technology from GBX 775 ($9.61) to GBX 800 ($9.92) and gave the stock a "buy" rating in a research report on Thursday, October 24th.

Ashtead Technology Price Performance

The stock has a market capitalization of £423.98 million, a PE ratio of 1,760.00 and a beta of 0.28. The company has a quick ratio of 1.46, a current ratio of 1.82 and a debt-to-equity ratio of 70.83. The stock's 50-day moving average is GBX 546.92 and its 200 day moving average is GBX 622.39.

Insider Activity

In other news, insider William(Bill) Mervyn FrewCarey Shannon bought 13,000 shares of the company's stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average price of GBX 550 ($6.82) per share, for a total transaction of £71,500 ($88,687.67). 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.