Insider Selling: Auction Technology Group plc (LON:ATG) Insider Sells 230,000 Shares of Stock

Auction Technology Group plc (LON:ATG) insider Tom Hargreaves sold 230,000 shares of the firm’s stock in a transaction on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.51), for a total transaction of £1,173,000 ($1,496,746.20).

Auction Technology Group Stock Up 2.5 %

Auction Technology Group stock opened at GBX 566 ($7.22) on Friday. The company’s 50-day moving average price is GBX 451.29 and its two-hundred day moving average price is GBX 472.68. The stock has a market cap of £689.50 million, a price-to-earnings ratio of 7,075.00 and a beta of 1.29. Auction Technology Group plc has a 52 week low of GBX 365 ($4.66) and a 52 week high of GBX 638 ($8.14). The company has a current ratio of 0.69, a quick ratio of 1.36 and a debt-to-equity ratio of 22.80.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATG. JPMorgan Chase & Co. lifted their price target on shares of Auction Technology Group from GBX 555 ($7.08) to GBX 695 ($8.87) and gave the stock an “overweight” rating in a research note on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 710 ($9.06) price target on shares of Auction Technology Group in a research report on Friday, November 29th.

About Auction Technology Group

Auction Technology Group plc operates online auction marketplaces primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.