Ashtead Group (OTCMKTS:ASHTY) Shares Cross Above 50-Day Moving Average – Time to 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 traded.

Analysts Set New Price Targets

Several research analysts have recently commented on ASHTY shares. Berenberg Bank upgraded 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 research report on Thursday, August 1st.

Ashtead Group Stock Performance

The stock’s fifty day simple moving average is $297.18 and its 200-day simple moving average is $288.24. The company has a market capitalization of $33.14 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.64. The company has a current ratio of 1.17, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08.

Ashtead Group (OTCMKTS:ASHTY) last released its earnings results on Tuesday, September 3rd. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.85 by $0.03. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Ashtead Group had a return on equity of 23.60% and a net margin of 14.94%. Analysts predict that Ashtead Group plc will post 15.6 EPS 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.