Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Time to Sell?

Shares of Auto Trader Group (OTCMKTS:ATDRY) gapped down prior to trading on Thursday . The stock had previously closed at $1.45, but opened at $1.39. Auto Trader Group shares last traded at $1.38, with a volume of 163,568 shares.

Wall Street Analysts Forecast Growth

ATDRY has been the topic of a number of research analyst reports. Citigroup downgraded 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 research report on Wednesday, April 22nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Auto Trader Group Trading Up 3.6%

The business has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.77. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02.

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.