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

Auto Trader Group (OTCMKTS:ATDRY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.68, but opened at $1.61. Auto Trader Group shares last traded at $1.6170, with a volume of 1,888 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ATDRY shares. Jefferies Financial Group upgraded shares of Auto Trader Group from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday, June 4th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Auto Trader Group Price Performance

The firm has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $1.62. 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.