Auction Technology Group (LON:ATG) Sets New 1-Year Low – Time to Sell?

Auction Technology Group plc (LON:ATG) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 287.50 and last traded at GBX 289, with a volume of 285089 shares trading hands. The stock had previously closed at GBX 297.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Auction Technology Group from GBX 725 to GBX 710 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Peel Hunt reiterated a “buy” rating and set a GBX 730 target price on shares of Auction Technology Group in a report on Tuesday, October 28th. Berenberg Bank dropped their price target on Auction Technology Group from GBX 660 to GBX 560 and set a “buy” rating on the stock in a research report on Monday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on Auction Technology Group from GBX 500 to GBX 415 and set a “sector perform” rating for the company in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 646.

Auction Technology Group Price Performance

The firm’s fifty day simple moving average is GBX 319.62 and its 200-day simple moving average is GBX 414.48. The firm has a market capitalization of £348.40 million, a PE ratio of 14.52 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16.

Auction Technology Group Company Profile

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”).