Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Time to Buy?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.43, but opened at $1.50. Auto Trader Group shares last traded at $1.51, with a volume of 790,982 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Citigroup lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Barclays cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Auto Trader Group currently has a consensus rating of “Hold”.

Auto Trader Group Stock Up 4.3%

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 stock has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.74.

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.