Ashtead Technology (LON:AT) Trading Down 1.7% - Should You Sell?

Ashtead Technology Holdings Plc (LON:AT - Get Free Report)'s stock price traded down 1.7% during trading on Monday . The stock traded as low as GBX 526 ($6.44) and last traded at GBX 526 ($6.44). 108,839 shares were traded during trading, The stock had previously closed at GBX 535 ($6.55).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on Ashtead Technology from GBX 775 ($9.48) to GBX 800 ($9.79) and gave the company a "buy" rating in a research note on Thursday, October 24th.

Ashtead Technology Trading Down 1.7 %

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 has a market capitalization of £422.38 million, a P/E ratio of 1,753.33 and a beta of 0.28. The firm's 50-day simple moving average is GBX 533.06 and its 200 day simple moving average is GBX 646.08.

Insider Activity at Ashtead Technology

In related news, insider William(Bill) Mervyn FrewCarey Shannon acquired 13,000 shares of the business's stock in a transaction on Thursday, November 28th. The shares were purchased at an average price of GBX 550 ($6.73) per share, for a total transaction of £71,500 ($87,493.88). Company insiders own 3.28% of the company's stock.

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.