Auction Technology Group (LON:ATG) Trading Down 2.6% – Time to Sell?

Auction Technology Group plc (LON:ATGGet Free Report)’s share price was down 2.6% during trading on Friday . The stock traded as low as GBX 418.40 and last traded at GBX 420.40. 316,868 shares were traded during mid-day trading, a decline of 93% from the average session volume of 4,545,953 shares. The stock had previously closed at GBX 431.60.

Wall Street Analysts Forecast Growth

ATG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 815 price target on shares of Auction Technology Group in a research report on Friday, May 15th. Berenberg Bank lifted their target price on Auction Technology Group from GBX 460 to GBX 490 and gave the company a “buy” rating in a research note on Friday, July 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Auction Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 555.

Get Our Latest Report on Auction Technology Group

Auction Technology Group Stock Down 2.6%

The business has a 50 day simple moving average of GBX 436.77 and a 200 day simple moving average of GBX 387.09. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. The stock has a market cap of £509.06 million, a PE ratio of -3.38 and a beta of 0.69.

About Auction Technology Group

(Get Free Report)

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.

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