Auto Trader Group (OTCMKTS:ATDRY) Reaches New 12-Month Low – Here’s What Happened

Shares of Auto Trader Group (OTCMKTS:ATDRY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $2.19 and last traded at $2.1950, with a volume of 89674 shares traded. The stock had previously closed at $2.22.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “underweight” rating on shares of Auto Trader Group in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Auto Trader Group Stock Down 0.5%

The company has a fifty day moving average price of $2.56 and a two-hundred day moving average price of $2.69.

Auto Trader Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 1st were given a dividend of $0.0192 per share. This is a positive change from Auto Trader Group’s previous dividend of $0.01. The ex-dividend date was Friday, August 29th. This represents a dividend yield of 105.0%.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.