Auto Trader Group (OTCMKTS:ATDRY) Sees Strong Trading Volume – Time to Buy?

Shares of Auto Trader Group (OTCMKTS:ATDRY) saw unusually-strong trading volume on Wednesday . Approximately 1,087,512 shares traded hands during mid-day trading, an increase of 212% from the previous session’s volume of 348,475 shares.The stock last traded at $2.27 and had previously closed at $2.35.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Auto Trader Group in a report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Auto Trader Group Trading Down 4.3%

The business’s 50-day moving average is $2.57 and its 200-day moving average is $2.70.

Auto Trader Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 1st were issued a $0.0192 dividend. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Auto Trader Group’s previous dividend of $0.01.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.