Auction Technology Group (LON:ATG) Reaches New 12-Month Low - Here's Why

Key Points

• Auction Technology Group's stock reached a new 12-month low at GBX 315 ($4.27) amidst a trading volume of 1,098,496 shares.
• Multiple research firms have revised their target prices downward, with Deutsche Bank lowering it from GBX 910 to GBX 815 while maintaining a "buy" rating.
• The current average rating for Auction Technology Group is "Moderate Buy" with an average target price of GBX 625, despite recent declines.

Auction Technology Group plc (LON:ATG - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 315 ($4.25) and last traded at GBX 319.50 ($4.32), with a volume of 1098496 shares. The stock had previously closed at GBX 335.50 ($4.53).

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ATG shares. Deutsche Bank Aktiengesellschaft lowered their price target on Auction Technology Group from GBX 910 to GBX 815 and set a "buy" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price target on Auction Technology Group from GBX 500 to GBX 415 and set a "sector perform" rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lowered their price target on Auction Technology Group from GBX 725 to GBX 710 and set an "overweight" rating on the stock in a research report on Tuesday, August 5th. Finally, Berenberg Bank lowered their price target on Auction Technology Group from GBX 660 to GBX 560 and set a "buy" rating on the stock in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 625.

Auction Technology Group Stock Performance

The firm's 50-day moving average price is GBX 411.50 and its two-hundred day moving average price is GBX 496.57. The firm has a market capitalization of £402.11 million, a PE ratio of 1,678.39 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16.

About Auction Technology Group

Auction Technology Group plc (“ATG”) is the operator of the world's leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial (“I&C”) and Art & Antiques (“A&A”).