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

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ASHTY shares. Berenberg Bank upgraded shares of Ashtead Group to a “strong-buy” rating in a report on Thursday, September 19th. Royal Bank of Canada upgraded shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group lowered shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th.

Ashtead Group Trading Down 0.9 %

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

Ashtead Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 10th will be paid a $1.44 dividend. The ex-dividend date is Friday, January 10th. Ashtead Group’s dividend payout ratio (DPR) is currently 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.