Duncan Painter Acquires 125,000 Shares of Auction Technology Group (LON:ATG) Stock

Auction Technology Group plc (LON:ATG) insider Duncan Painter purchased 125,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average cost of GBX 422 per share, with a total value of £527,500.

Duncan Painter also recently made the following trade(s):

• On Thursday, May 28th, Duncan Painter purchased 55,000 shares of Auction Technology Group stock. The shares were purchased at an average cost of GBX 419 per share, with a total value of £230,450.

Auction Technology Group Trading Up 1.4%

Shares of ATG stock opened at GBX 425.84 on Friday. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55. The firm has a market cap of £515.65 million, a P/E ratio of -3.60 and a beta of 0.72. The business has a 50-day moving average price of GBX 358.24 and a two-hundred day moving average price of GBX 320.28. Auction Technology Group plc has a 12-month low of GBX 259.50 and a 12-month high of GBX 513.

Wall Street Analyst Weigh In

Several analysts have weighed in on ATG shares. Berenberg Bank reissued a “buy” rating and issued a GBX 460 price target on shares of Auction Technology Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 549.

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.