Auto Trader Group (OTCMKTS:ATDRY) Sees Strong Trading Volume – Still a Buy?

Auto Trader Group (OTCMKTS:ATDRY) saw an uptick in trading volume on Tuesday . 3,297,044 shares were traded during mid-day trading, an increase of 194% from the previous session’s volume of 1,122,254 shares.The stock last traded at $1.74 and had previously closed at $1.73.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATDRY. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Barclays lowered 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 initiated coverage on Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Auto Trader Group Stock Performance

The firm’s 50 day moving average price is $1.59 and its 200-day moving average price is $1.62. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40.

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.