Ashtead Group (OTCMKTS:ASHTY) Reaches New 1-Year Low – Here’s What Happened

Ashtead Group plc (OTCMKTS:ASHTY)’s share price hit a new 52-week low on Thursday . The stock traded as low as $214.13 and last traded at $219.20, with a volume of 11610 shares trading hands. The stock had previously closed at $218.17.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Ashtead Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley restated an “overweight” rating on shares of Ashtead Group in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Ashtead Group Stock Down 8.0 %

The stock has a market capitalization of $20.71 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.49 and a beta of 1.77. The company has a current ratio of 1.31, a quick ratio of 1.22 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average is $243.12 and its 200-day moving average is $275.38.

Ashtead Group (OTCMKTS:ASHTY) last posted its earnings results on Tuesday, March 4th. The company reported $3.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.47 by ($0.38). Ashtead Group had a net margin of 14.78% and a return on equity of 22.65%. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities research analysts predict that Ashtead Group plc will post 15.51 earnings per share for the current year.

Ashtead Group Company Profile

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.