Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.82, but opened at $1.69. Auto Trader Group shares last traded at $1.70, with a volume of 57,801 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Auto Trader Group currently has an average rating of “Reduce”.

Auto Trader Group Stock Down 5.0%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. The firm has a 50-day moving average of $1.94 and a two-hundred day moving average of $2.36.

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.