Auction Technology Group (LON:ATG) Shares Down 1.9% – Should You Sell?

Auction Technology Group plc (LON:ATG) shares dropped 1.9% during trading on Wednesday . The stock traded as low as GBX 278.50 and last traded at GBX 280. Approximately 61,489 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 694,303 shares. The stock had previously closed at GBX 285.50.

Analyst Ratings Changes

Several research firms have issued reports on ATG. Peel Hunt dropped their price target on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. increased their price objective on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a report on Friday, November 28th. Berenberg Bank cut their target price on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating on the stock in a research note on Thursday, November 27th. Finally, Royal Bank Of Canada reduced their price target on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a research report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Auction Technology Group has an average rating of “Moderate Buy” and a consensus target price of GBX 549.

Auction Technology Group Stock Down 1.9%

The firm has a market cap of £337.56 million, a P/E ratio of -2.37 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. The firm has a fifty day moving average of GBX 291.08 and a 200-day moving average of GBX 356.11.

Auction Technology Group Company Profile

Auction Technology Group plc (“ATG”) is the operator of the world’s leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial (“I&C”) and Art & Antiques (“A&A”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.