Ashtead Technology (LON:AT) Trading Down 1.4% – Should You Sell?

Ashtead Technology Holdings Plc (LON:AT) fell 1.4% on Monday . The company traded as low as GBX 542 ($6.98) and last traded at GBX 546 ($7.03). 180,091 shares changed hands during mid-day trading, The stock had previously closed at GBX 554 ($7.13).

Ashtead Technology Price Performance

The company’s 50 day simple moving average is GBX 537.76. The stock has a market cap of £433.02 million, a PE ratio of 17.63 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.

Ashtead Technology (LON:AT) last posted its earnings results on Tuesday, March 25th. The company reported GBX 45 ($0.58) earnings per share for the quarter. Ashtead Technology had a return on equity of 23.56% and a net margin of 17.37%. As a group, equities analysts forecast that Ashtead Technology Holdings Plc will post 42.8247734 earnings per share for the current fiscal year.

Ashtead Technology Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 1st. This is a positive change from Ashtead Technology’s previous dividend of $1.10. This represents a dividend yield of 0.21%. Ashtead Technology’s dividend payout ratio (DPR) is 3.23%.

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. 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.