AUTO1 Group (OTC:ATOGF) Trading Down 22.5% – What’s Next?

AUTO1 Group SE (OTC:ATOGF)’s stock price was down 22.5% on Tuesday . The company traded as low as $18.37 and last traded at $18.37. Approximately 100 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 260 shares. The stock had previously closed at $23.70.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of AUTO1 Group in a research report on Tuesday, December 2nd. Jefferies Financial Group initiated coverage on AUTO1 Group in a research note on Monday, December 8th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

AUTO1 Group Stock Down 22.5%

The business has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $31.87.

About AUTO1 Group

AUTO1 Group SE operates a digital automotive platform for buying and selling used cars online in Europe. It operates AUTO1.com for the sale of used cars to professional car dealers; Autohero.com for sale of used cars to private customers; and wirkaufendeinauto.de, an online platform to sell their used cars to consumers. AUTO1 Group SE was founded in 2012 and is based in Berlin, Germany.