Auto Trader Group (OTCMKTS:ATDRY) Sees Large Volume Increase – Should You Buy?

Shares of Auto Trader Group (OTCMKTS:ATDRY) saw unusually-strong trading volume on Tuesday . Approximately 2,725,441 shares traded hands during mid-day trading, an increase of 252% from the previous session’s volume of 774,562 shares.The stock last traded at $1.87 and had previously closed at $1.94.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Auto Trader Group Stock Down 3.1%

The stock has a 50-day moving average of $2.00 and a two-hundred day moving average of $2.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72.

Auto Trader Group Company Profile

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.