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

Auto Trader Group (OTCMKTS:ATDRYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.68, but opened at $1.61. Auto Trader Group shares last traded at $1.6170, with a volume of 1,888 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. The Goldman Sachs Group started coverage on Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Finally, Jefferies Financial Group raised Auto Trader Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Auto Trader Group presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Auto Trader Group

Auto Trader Group Stock Performance

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

About Auto Trader Group

(Get Free Report)

Auto Trader Group plc operates a digital automotive marketplace serving consumers and automotive retailers in the United Kingdom and Ireland. Its flagship Auto Trader platform enables users to search for, compare and contact sellers about new and used cars, vans and other vehicles.

The company provides automotive retailers with online advertising and inventory management services, including tools to display vehicle listings, manage stock and connect with prospective buyers. Auto Trader also offers vehicle valuation, pricing and market insight products that support purchasing decisions and dealership operations.

Auto Trader traces its origins to the classified vehicle advertising business established in the United Kingdom in the late 1970s.

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