Ashtead Group (OTCMKTS:ASHTY) Sets New 52-Week Low – Should You Sell?

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 changing hands. The stock had previously closed at $245.71.

Analyst Upgrades and Downgrades

ASHTY has been the subject of a number of recent analyst reports. Berenberg Bank raised Ashtead Group to a “strong-buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group downgraded Ashtead Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, 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.

Ashtead Group Trading Down 0.9 %

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08. The stock’s 50 day moving average is $290.42 and its 200-day moving average is $287.73. The company 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.

Ashtead Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, February 24th. Stockholders of record on Friday, January 10th will be given a $1.44 dividend. The ex-dividend date is Friday, January 10th. Ashtead Group’s dividend payout ratio is currently 19.70%.

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.