Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s Why

Shares of Auto Trader Group (OTCMKTS:ATDRY) gapped down before the market opened on Thursday . The stock had previously closed at $1.63, but opened at $1.52. Auto Trader Group shares last traded at $1.51, with a volume of 83,824 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Auto Trader Group Trading Down 8.2%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. The stock has a 50 day moving average price of $1.62 and a 200-day moving average price of $1.81.

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.