Auction Technology Group (LON:ATG) Stock Jumps 1.5% – Here’s What Happened

Auction Technology Group plc (LON:ATG) shares rose 1.5% during mid-day trading on Friday. The stock traded as high as GBX 434.40 and last traded at GBX 434.40. 2,892,353 shares were traded during trading, a decline of 32% from the average daily volume of 4,226,248 shares. The stock had previously closed at GBX 427.80.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price target on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Auction Technology Group has a consensus rating of “Moderate Buy” and an average target price of GBX 555.

Auction Technology Group Stock Up 1.5%

The firm has a market cap of £526.01 million, a PE ratio of -3.50 and a beta of 0.69. The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. The company’s 50-day simple moving average is GBX 441.99 and its two-hundred day simple moving average is GBX 400.03.

About Auction Technology Group

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.