Auto Trader Group (OTCMKTS:ATDRY) Trading Down 9.2% – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) dropped 9.2% on Friday . The company traded as low as $1.47 and last traded at $1.48. Approximately 91,240 shares were traded during trading, a decline of 92% from the average daily volume of 1,193,655 shares. The stock had previously closed at $1.63.

Analysts Set New Price Targets

A number of equities analysts recently commented on ATDRY shares. Barclays downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Auto Trader Group currently has an average rating of “Reduce”.

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Auto Trader Group Stock Down 0.8%

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 company has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.81.

Auto Trader Group Company Profile

(Get Free Report)

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.

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