Auto Trader Group (OTCMKTS:ATDRY) Stock Price Down 2.5% – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY – Get Free Report)’s share price dropped 2.5% during mid-day trading on Wednesday . The company traded as low as $1.5850 and last traded at $1.59. Approximately 199,394 shares traded hands during trading, a decline of 80% from the average daily volume of 1,017,224 shares. The stock had previously closed at $1.63.

Analysts Set New Price Targets

Several brokerages have commented on ATDRY. The Goldman Sachs Group assumed coverage on shares of Auto Trader Group in a research report on Thursday, June 4th. They issued a “buy” rating for the company. Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Auto Trader Group Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73. The stock has a 50-day moving average price of $1.57 and a 200 day moving average price of $1.66.

About Auto Trader Group

(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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