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

Ashtead Group plc (OTCMKTS:ASHTY) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $241.88 and last traded at $242.14, with a volume of 30102 shares changing hands. The stock had previously closed at $244.50.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada raised shares of Ashtead Group from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Berenberg Bank upgraded Ashtead Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group lowered Ashtead Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Ashtead Group Trading Down 1.0 %

The stock has a market capitalization of $26.47 billion, a PE ratio of 17.16, a P/E/G ratio of 1.72 and a beta of 1.64. The company’s 50 day moving average price is $298.73 and its two-hundred day moving average price is $289.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 1.08.

Ashtead Group Cuts Dividend

The firm also recently announced 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 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.