Auto Trader Group (OTCMKTS:ATDRY) Reaches New 1-Year Low – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $1.88 and last traded at $1.88, with a volume of 383862 shares. The stock had previously closed at $1.94.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley restated an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, September 10th. Jefferies Financial Group downgraded Auto Trader Group to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Auto Trader Group Price Performance

The business’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $2.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77.

Auto Trader Group Company Profile

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.