Ashtead Tech A Bargain Stock

last updated on

Ashtead Tech A Bargain Stock

Ashtead Technology - A Bargain Small-Cap Stock

From the high in 2021, the FTSE AIM 100 index is down by almost 46%. This is a clear sign that the UK small-cap stocks remain under pressure.

However, this downside also means many small-cap stocks are now available at a discount. One such small-cap stock is Ashtead Technology, which is currently trading at 463p.

Ashtead Technology Down By 46%

Within a span of 1 year, the stock value of Ashtead Technology has declined by almost 46%. This is a sign of bearish pressure, but also shows potential opportunity for the daring investors.

Ashtead Technology is a big name when it comes to providing subsea solutions. They cater to the global offshore energy sector and specialize in renting out special equipment.

Their equipment includes robots and other solutions for maintenance, construction, repair, and other related tasks. As of now, the company has around 30K assets.

They also have a history of acquiring other smaller companies operating in the same sector. Also, the growth from the lats 5 years shows a lot of promise.

In 2024, the revenue was around 168 million which is a jump of almost 52%. And just a few months ago, the company acquired another firm which helped them to expand the footprint.

Also, they have operations all over the world, which means Ashtead Technology is actually a global economy. In addition, the company's equipment is interchangeable for different sectors such as renewables, oil & gas, & so on.

With such a low price, solid growth, and amazing revenue, Ashtead Technology is a good stock to consider. Also, it is a small-cap which means there's a lot of opportunity for growth.

Looking ahead, the Ashtead Technology is in a strong position because its rental equipments can also be used in renewable energy sector.

With bulk of the funding going into that sector, the Ashtead Technology remains at a strong position to benefit from the paradigm shift.

Trending Stories