Ashtead Group (OTCMKTS:ASHTY) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Ashtead Group plc (OTCMKTS:ASHTY)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $297.18 and traded as high as $306.73. Ashtead Group shares last traded at $303.15, with a volume of 3,898 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a research report on Thursday, September 19th. Barclays raised Ashtead Group to a “strong-buy” rating in a report on Thursday, August 1st.

Ashtead Group Stock Performance

The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.17. The company has a market cap of $33.14 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.75 and a beta of 1.64. The company has a fifty day moving average of $297.18 and a two-hundred day moving average of $288.26.

Ashtead Group (OTCMKTS:ASHTY) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.74 billion. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. Equities research analysts anticipate that Ashtead Group plc will post 15.6 EPS for the current year.

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.