Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.55, but opened at $1.64. Auto Trader Group shares last traded at $1.64, with a volume of 19,002 shares trading hands.

Analyst Upgrades and Downgrades

ATDRY has been the topic of several recent research reports. The Goldman Sachs Group assumed coverage on shares of Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating on the stock. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Auto Trader Group Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73. The firm’s fifty day simple moving average is $1.56 and its 200 day simple moving average is $1.63.

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.