Auto Trader Group (OTCMKTS:ATDRY) Shares Down 4.1% – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY – Get Free Report) dropped 4.1% during mid-day trading on Wednesday . The stock traded as low as $1.65 and last traded at $1.65. 5,958 shares changed hands during trading, a decline of 99% from the average session volume of 1,027,638 shares. The stock had previously closed at $1.72.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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Auto Trader Group Trading Down 1.4%

The business’s 50 day moving average price is $1.68 and its 200-day moving average price is $1.62. The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40.

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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