ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) Downgraded by Morgan Stanley – Tech Know Bits
Morgan Stanley cut shares of ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) from an overweight rating to an equal weight rating in a research note published on Wednesday, July 10th, The Fly reports. ASHTY has been the topic of several other research reports. The business has a 50 day simple moving average of $106.67. ASHTEAD GRP PLC/ADR has a fifty-two week low of $79.77 and a fifty-two week high of $129.35. The stock has a market capitalization of $13.93 billion, a P/E ratio of 12.72 and a beta of 1.84. ASHTEAD GRP PLC/ADR (OTCMKTS:ASHTY) last issued its quarterly earnings results on Tuesday, June 18th. The company reported $1.82 earnings per share for the quarter. ASHTEAD GRP PLC/ADR had a return on equity of 28.82% and a net margin of 27.28%.