Auto Trader Group (LON:AUTO) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Auto Trader Group plc (LON:AUTO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 827.34 ($10.07) and traded as low as GBX 793.40 ($9.65). Auto Trader Group shares last traded at GBX 793.60 ($9.66), with a volume of 1,335,695 shares changing hands.

Wall Street Analyst Weigh In

AUTO has been the subject of several research reports. Shore Capital downgraded shares of Auto Trader Group to a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Auto Trader Group from GBX 688 ($8.37) to GBX 746 ($9.08) and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Berenberg Bank reduced their price objective on Auto Trader Group from GBX 880 ($10.71) to GBX 830 ($10.10) and set a “hold” rating on the stock in a research note on Thursday, November 7th.

Auto Trader Group Trading Down 0.3 %

The firm has a market capitalization of £7.10 billion, a price-to-earnings ratio of 2,834.29, a PEG ratio of 3.99 and a beta of 0.78. The business’s 50-day moving average price is GBX 804.59 and its 200 day moving average price is GBX 827.34. The company has a debt-to-equity ratio of 6.26, a current ratio of 1.66 and a quick ratio of 1.50.

Auto Trader Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be given a GBX 3.50 ($0.04) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group’s payout ratio is currently 3,571.43%.

About Auto Trader Group

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.