Auction Technology Group (LON:ATG) Trading 8.5% Higher – Should You Buy?

Auction Technology Group plc (LON:ATG) rose 8.5% on Tuesday . The stock traded as high as GBX 354 ($4.72) and last traded at GBX 338.42 ($4.51). Approximately 7,520,319 shares were traded during trading, an increase of 983% from the average daily volume of 694,534 shares. The stock had previously closed at GBX 312 ($4.16).

Analyst Ratings Changes

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada cut their price objective on Auction Technology Group from GBX 500 to GBX 415 and set a “sector perform” rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. cut their price objective on Auction Technology Group from GBX 725 to GBX 710 and set an “overweight” rating on the stock in a research report on Tuesday, August 5th. Finally, Berenberg Bank cut their price objective on Auction Technology Group from GBX 660 to GBX 560 and set a “buy” rating on the stock in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 625.

Auction Technology Group Stock Up 8.2%

The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The business has a 50-day moving average price of GBX 324.82 and a 200-day moving average price of GBX 429.39. The firm has a market cap of £406.86 million, a P/E ratio of 16.96 and a beta of 1.29.

About Auction Technology Group

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”).