Ashtead Group plc (OTCMKTS:ASHTY - Get Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 200 shares, a decline of 93.3% from the November 30th total of 3,000 shares. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is presently 0.0 days.
Ashtead Group Stock Up 0.4 %
Shares of OTCMKTS:ASHTY traded up $1.13 during midday trading on Thursday, hitting $252.50. 10,843 shares of the company's stock traded hands, compared to its average volume of 15,553. The firm's fifty day moving average price is $304.68 and its two-hundred day moving average price is $290.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. Ashtead Group has a twelve month low of $241.94 and a twelve month high of $337.95. The company has a market cap of $27.60 billion, a PE ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.64.
Ashtead Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $1.44 per share. The ex-dividend date is Friday, January 10th. Ashtead Group's dividend payout ratio is presently 19.70%.
Analyst Ratings Changes
A number of analysts have recently commented on ASHTY shares. Berenberg Bank upgraded Ashtead Group to a "strong-buy" rating in a report on Thursday, September 19th. The Goldman Sachs Group lowered Ashtead Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised Ashtead Group from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 3rd.
Check Out Our Latest Research Report on ASHTY
Ashtead Group Company Profile
(
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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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