Auto Trader Group (OTCMKTS:ATDRY) Downgraded by Citigroup to Hold

Citigroup cut shares of Auto Trader Group (OTCMKTS:ATDRY) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Auto Trader Group presently has a consensus rating of “Reduce”.

Auto Trader Group Stock Up 1.3%

Shares of ATDRY opened at $1.57 on Wednesday. Auto Trader Group has a 1-year low of $1.45 and a 1-year high of $3.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. The firm has a fifty day moving average price of $1.60 and a 200 day moving average price of $2.00.

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.