Auction Technology Group (LON:ATG) Trading 24.4% Higher – Here’s What Happened

Auction Technology Group plc (LON:ATG)’s share price traded up 24.4% during mid-day trading on Monday . The stock traded as high as GBX 338.50 and last traded at GBX 337. 3,239,603 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 3,257,105 shares. The stock had previously closed at GBX 270.95.

Analyst Ratings Changes

ATG has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on shares of Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a report on Tuesday, December 2nd. Berenberg Bank cut their price objective on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating on the stock in a research report on Thursday, November 27th. Peel Hunt decreased their target price on shares of Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a research note on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Stock Up 23.6%

The company has a 50-day moving average price of GBX 287.65 and a 200 day moving average price of GBX 346.56. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The firm has a market capitalization of £403.87 million, a PE ratio of -2.83 and a beta of 1.29.

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”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.