Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Should You Buy?

Auto Trader Group (OTCMKTS:ATDRYGet Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $1.43, but opened at $1.50. Auto Trader Group shares last traded at $1.51, with a volume of 790,982 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATDRY shares. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group started coverage on shares of Auto Trader Group in a research note on Thursday. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Auto Trader Group

Auto Trader Group Price Performance

The firm has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.74. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02.

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.

Recommended Stories

Receive News & Ratings for Auto Trader Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Trader Group and related companies with MarketBeat.com's FREE daily email newsletter.