Auto Trader Group (OTCMKTS:ATDRY) Sets New 52-Week Low – Should You Sell?

Auto Trader Group (OTCMKTS:ATDRY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.45, with a volume of 212046 shares changing hands. The stock had previously closed at $1.48.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ATDRY shares. Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Barclays downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Auto Trader Group Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $1.61 and its 200 day moving average price is $1.79.

About Auto Trader Group

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.