Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $1.70, but opened at $1.63. Auto Trader Group shares last traded at $1.63, with a volume of 19,165 shares traded.

Analyst Ratings Changes

Several research analysts have weighed in on ATDRY shares. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Citigroup lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Auto Trader Group in a research note on Friday. Finally, The Goldman Sachs Group initiated coverage on shares of Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Auto Trader Group presently has a consensus rating of “Hold”.

Auto Trader Group Stock Down 3.1%

The company’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73.

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.