Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Still a Buy?

Shares of Auto Trader Group (OTCMKTS:ATDRY) gapped up prior to trading on Monday . The stock had previously closed at $1.55, but opened at $1.64. Auto Trader Group shares last traded at $1.64, with a volume of 19,002 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATDRY. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday, June 4th. They issued a “buy” rating on the stock. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. Finally, Barclays lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Auto Trader Group Trading Up 5.4%

The stock has a fifty day moving average of $1.56 and a 200 day moving average of $1.63. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40.

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.