Auction Technology Group (LON:ATG) Reaches New 1-Year High – Here’s Why

Auction Technology Group plc (LON:ATG) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 494.60 and last traded at GBX 494.20, with a volume of 106,848 shares changing hands. The stock had previously closed at GBX 483.60.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ATG shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 price objective on shares of Auction Technology Group in a report on Friday, October 23rd. Berenberg Bank lifted their target price on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Auction Technology Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Stock Up 0.8%

The company has a current ratio of 0.94, a quick ratio of 1.36 and a debt-to-equity ratio of 32.55. The firm’s 50 day simple moving average is GBX 456.04 and its two-hundred day simple moving average is GBX 394.44. The firm has a market cap of £610.29 million, a price-to-earnings ratio of -4.06 and a beta of 0.69.

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.