Auction Technology Group (LON:ATG) Hits New 52-Week Low - Here's Why

Key Points

• Auction Technology Group's share price reached a new 52-week low, trading at GBX 311 ($4.19), while the last trade closed at GBX 319 ($4.30).
• Several analysts have revised their price targets for the stock, with JPMorgan Chase reducing theirs from GBX 725 to GBX 710, and Berenberg Bank cutting theirs from GBX 660 to GBX 560.
• Despite the recent price declines, the stock retains an average rating of "Moderate Buy" and an average price target of GBX 625 among analysts.

Auction Technology Group plc (LON:ATG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 311 ($4.19) and last traded at GBX 319 ($4.30), with a volume of 394254 shares changing hands. The stock had previously closed at GBX 315.50 ($4.25).

Analyst Ratings Changes

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

Auction Technology Group Stock Performance

The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. The stock has a market cap of £384.05 million, a price-to-earnings ratio of 1,603.02 and a beta of 1.29. The company has a 50 day simple moving average of GBX 357.70 and a 200 day simple moving average of GBX 466.37.

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”).

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