Auto Trader Group (OTCMKTS:ATDRY) Trading Down 5% – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY) shares fell 5% during mid-day trading on Monday . The stock traded as low as $1.52 and last traded at $1.52. Approximately 699,644 shares changed hands during trading, a decline of 49% from the average daily volume of 1,374,502 shares. The stock had previously closed at $1.60.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Auto Trader Group Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. The stock has a 50 day moving average price of $1.69 and a 200 day moving average price of $2.09.

About Auto Trader Group

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.