Auto Trader Group (OTCMKTS:ATDRY) Trading Down 4.1% – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY)’s stock price fell 4.1% on Wednesday . The company traded as low as $1.65 and last traded at $1.65. Approximately 5,958 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,027,638 shares. The stock had previously closed at $1.72.

Analysts Set New Price Targets

ATDRY has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Auto Trader Group Stock Performance

The business has a fifty day simple moving average of $1.68 and a two-hundred day simple moving average of $1.62. The company has a quick ratio of 1.66, a current ratio of 1.73 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.