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

Key Points

• Auction Technology Group plc shares have reached a new 52-week low of GBX 310.50 ($4.17) amid fluctuating trading volumes, indicating concerns about the stock's performance.
• Several analysts have revised their target prices downward, with JPMorgan Chase lowering their price objective from GBX 725 to GBX 710, contributing to a general consensus rating of "Moderate Buy" for the stock.
• Despite the recent decline, the firm holds a market cap of £380.94 million and operates leading marketplaces for curated online auctions in various sectors, including industrial and art markets.

Auction Technology Group plc (LON:ATG - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 310.50 ($4.17) and last traded at GBX 316 ($4.24), with a volume of 278239 shares. The stock had previously closed at GBX 316 ($4.24).

Wall Street Analyst Weigh In

Several equities research analysts have commented on ATG shares. JPMorgan Chase & Co. lowered their price objective 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. Berenberg Bank lowered their target price on shares of Auction Technology Group from GBX 660 to GBX 560 and set a "buy" rating on the stock in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Auction Technology Group from GBX 910 to GBX 815 and set a "buy" rating on the stock in a research note on Monday, August 4th. Finally, Royal Bank Of Canada decreased their target price 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. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 625.

Auction Technology Group Stock Performance

The firm has a market cap of £380.94 million, a PE ratio of 1,587.94 and a beta of 1.29. The firm has a 50-day moving average price of GBX 344.13 and a two-hundred day moving average price of GBX 458.40. 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”).

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