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

Key Points

• Auction Technology Group's stock reached a new 52-week low of GBX 330 ($4.43) during trading, down from a previous close of GBX 337 ($4.53).
• Analysts have substantially lowered their price targets for Auction Technology Group, with Royal Bank of Canada and Deutsche Bank reducing targets to GBX 415 ($5.57) and GBX 815 ($10.95), respectively.
• The company currently has a market capitalization of £412.61 million and a price-to-earnings ratio of 40.79, indicating potential concerns about its valuation compared to earnings.

Auction Technology Group plc (LON:ATG - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 330 ($4.43) and last traded at GBX 334 ($4.49), with a volume of 268504 shares trading hands. The stock had previously closed at GBX 337 ($4.53).

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Auction Technology Group from GBX 500 ($6.72) to GBX 415 ($5.57) and set a "sector perform" rating for the company in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Auction Technology Group from GBX 910 ($12.22) to GBX 815 ($10.95) and set a "buy" rating for the company in a research report on Monday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of Auction Technology Group from GBX 725 ($9.74) to GBX 710 ($9.54) and set an "overweight" rating for the company in a research report on Tuesday, August 5th. Finally, Berenberg Bank cut their target price on shares of Auction Technology Group from GBX 660 ($8.87) to GBX 560 ($7.52) and set a "buy" rating for the company in a research report on Monday, August 4th.

Auction Technology Group Price Performance

The stock's 50-day moving average price is GBX 455.23 and its 200-day moving average price is GBX 529.40. The company has a market capitalization of £412.61 million, a price-to-earnings ratio of 40.79 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.

Auction Technology Group Company Profile

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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