Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Should You Buy?

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $1.64, but opened at $1.71. Auto Trader Group shares last traded at $1.71, with a volume of 448 shares traded.

Analyst Upgrades and Downgrades

ATDRY has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. The Goldman Sachs Group assumed coverage on Auto Trader Group in a report on Thursday, June 4th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Auto Trader Group presently has an average rating of “Hold”.

Auto Trader Group Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $1.62.

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.