Auction Technology Group (LON:ATG) Shares Down 20.8% - Here's Why

Key Points

• Auction Technology Group's (ATG) shares dropped by 20.8% on Monday, closing at GBX 380.18 ($5.05) after reaching a low of GBX 370 ($4.91).
• The trading volume increased significantly, with over 1 million shares changing hands, marking a 65% rise from the average session volume.
• ATG operates as a leading marketplace for online auctions, connecting bidders globally to more than 3,800 trusted auction houses across sectors like Industrial & Commercial and Art & Antiques.

Auction Technology Group plc (LON:ATG - )'s share price traded down 20.8% during trading on Monday . The stock traded as low as GBX 370 ($4.91) and last traded at GBX 380.18 ($5.05). 1,038,367 shares traded hands during trading, an increase of 65% from the average session volume of 629,336 shares. The stock had previously closed at GBX 480 ($6.37).

Auction Technology Group Stock Down 21.0%

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 firm's 50-day moving average price is GBX 467.41 and its 200 day moving average price is GBX 539.40. The firm has a market cap of £468.20 million, a P/E ratio of 46.29 and a beta of 1.29.

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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