Ashtead Technology (LON:AT) Stock Price Up 3.1%

Ashtead Technology Holdings Plc (LON:AT)’s stock price rose 3.1% during mid-day trading on Tuesday . The company traded as high as GBX 796.30 ($10.08) and last traded at GBX 794 ($10.05). Approximately 205,827 shares traded hands during trading, The stock had previously closed at GBX 770 ($9.75).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($8.86) price target on shares of Ashtead Technology in a research note on Friday, December 15th.

Ashtead Technology Price Performance

The company’s 50-day simple moving average is GBX 713.18 and its 200 day simple moving average is GBX 594.13. The company has a market capitalization of £634.80 million, a P/E ratio of 3,780.95 and a beta of 0.32. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 38.53.

About Ashtead Technology

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. It 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; mechanical solutions, consisting of subsea cutting, coating removal and cleaning, subsea dredging, ROV and driver tooling, intervention skids, topside support, recovery tools, pumps, reels, ancillary deck equipment, and fabrication solutions; and asset integrity solutions, including imaging and inspection, oceanographic, marine growth removal, monitoring, mooring and riser inspection, environmental monitoring, offshore construction and life of asset monitoring, offshore wind foundation inspection, analysis, 3D imaging and metrology, and remote operations.