Auction Technology Group (LON:ATG) Shares Down 2.6% – Here’s What Happened

Shares of Auction Technology Group plc (LON:ATG) traded down 2.6% during trading on Friday . The company traded as low as GBX 418.40 and last traded at GBX 420.40. Approximately 316,868 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 4,545,953 shares. The stock had previously closed at GBX 431.60.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a research note on Friday, May 15th. Berenberg Bank raised their target price on shares of Auction Technology Group from GBX 460 to GBX 490 and gave the company a “buy” rating in a research report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Stock Performance

The stock has a 50 day moving average of GBX 436.77 and a 200 day moving average of GBX 387.09. The company has a market capitalization of £509.06 million, a price-to-earnings ratio of -3.38 and a beta of 0.69. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55.

Auction Technology Group Company Profile

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.