Auction Technology Group (LON:ATG) Shares Down 21.7% - Should You Sell?

Key Points

• Auction Technology Group's shares plummeted by 21.7%, closing at GBX 376 ($5.00) after reaching a low of GBX 370 ($4.92) during trading on Monday.
• The trading volume increased significantly, with 2,084,420 shares exchanged, marking a 228% increase from the average session volume.
• The company currently holds a market cap of £464.49 million with a P/E ratio of 45.92, indicating a need for investors to reassess their positions.

Auction Technology Group plc (LON:ATG - )'s share price traded down 21.7% during trading on Monday . The stock traded as low as GBX 370 ($4.92) and last traded at GBX 376 ($5.00). 2,084,420 shares changed hands during mid-day trading, an increase of 228% from the average session volume of 636,357 shares. The stock had previously closed at GBX 480 ($6.38).

Auction Technology Group Stock Down 21.7%

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 £464.49 million, a P/E ratio of 45.92 and a beta of 1.29. The company's 50 day moving average price is GBX 467.41 and its two-hundred day moving average price is GBX 539.40.

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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