Ashtead Group (OTCMKTS:ASHTY) Sets New 52-Week Low – Here’s Why

Ashtead Group plc (OTCMKTS:ASHTY)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $240.56 and last traded at $243.56, with a volume of 308948 shares trading hands. The stock had previously closed at $245.71.

Analyst Ratings Changes

A number of research analysts recently issued reports on ASHTY shares. Berenberg Bank raised shares of Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th. The Goldman Sachs Group cut shares of 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 shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd.

Ashtead Group Trading Down 0.9 %

The business’s 50 day simple moving average is $291.61 and its two-hundred day simple moving average is $287.92. The stock has a market cap of $26.60 billion, a P/E ratio of 17.26, a PEG ratio of 1.72 and a beta of 1.69. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

Ashtead Group Cuts Dividend

The business also recently announced 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 payout ratio is presently 19.70%.

About Ashtead Group

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.