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

Auction Technology Group plc (LON:ATGGet Free Report) shares traded down 2.6% during trading on Friday . The company traded as low as GBX 418.40 and last traded at GBX 420.40. Approximately 316,868 shares changed hands during trading, a decline of 93% from the average session volume of 4,545,953 shares. The stock had previously closed at GBX 431.60.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price objective on shares of Auction Technology Group in a research report on Friday, May 15th. Berenberg Bank boosted their price target 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Auction Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 555.

Check Out Our Latest Analysis on Auction Technology Group

Auction Technology Group Stock Performance

The firm has a market cap of £509.06 million, a P/E ratio of -3.38 and a beta of 0.69. The company has a current ratio of 0.94, a quick ratio of 1.36 and a debt-to-equity ratio of 32.55. The company’s 50-day moving average is GBX 436.77 and its two-hundred day moving average is GBX 387.09.

Auction Technology Group Company Profile

(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.

Further Reading

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