Auction Technology Group (LON:ATG) Shares Up 12.6% – Here’s What Happened

Auction Technology Group plc (LON:ATG) shares were up 12.6% during trading on Saturday . The stock traded as high as GBX 370 and last traded at GBX 362. Approximately 1,920,300 shares were traded during trading, an increase of 100% from the average daily volume of 958,306 shares. The stock had previously closed at GBX 321.50.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Berenberg Bank dropped their price objective on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research report on Thursday, November 27th. JPMorgan Chase & Co. boosted their target price on Auction Technology Group from GBX 690 to GBX 695 and gave the stock an “overweight” rating in a research report on Friday, November 28th. Royal Bank Of Canada decreased their price target on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating on the stock in a report on Tuesday, December 2nd. Finally, Peel Hunt lowered their price objective on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 549.

Auction Technology Group Stock Performance

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 company has a market cap of £438.34 million, a price-to-earnings ratio of -3.06 and a beta of 1.29. The stock has a 50 day moving average price of GBX 291.14 and a two-hundred day moving average price of GBX 339.95.

Auction Technology Group Company Profile

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”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.