Auto Trader Group (OTCMKTS:ATDRY) Stock Price Down 2.5% – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY) shares traded down 2.5% during trading on Wednesday . The stock traded as low as $1.5850 and last traded at $1.59. 199,394 shares were traded during trading, a decline of 80% from the average daily volume of 1,017,224 shares. The stock had previously closed at $1.63.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating for the company. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Auto Trader Group Stock Performance

The stock’s 50-day moving average is $1.57 and its two-hundred day moving average is $1.66. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

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.