Auction Technology Group (LON:ATG) Shares Down 21.7% - What's Next?

Key Points

• Auction Technology Group's (LON:ATG) stock dropped significantly by 21.7%, trading as low as GBX 370 ($4.91) during the day.
• The trading volume increased to about 2,084,420 shares, which is a 228% rise compared to the average daily volume.
• The company has a current ratio of 0.62 and a debt-to-equity ratio of 18.16, indicating financial leverage concerns.

Auction Technology Group plc (LON:ATG - )'s stock price dropped 21.7% during mid-day trading on Monday . The company traded as low as GBX 370 ($4.91) and last traded at GBX 376 ($4.99). Approximately 2,084,420 shares traded hands during trading, an increase of 228% from the average daily volume of 636,357 shares. The stock had previously closed at GBX 480 ($6.37).

Auction Technology Group Stock Down 21.7%

The business has a 50-day moving average price of GBX 467.41 and a 200-day moving average price of GBX 539.40. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The stock has a market cap of £464.49 million, a PE ratio of 45.92 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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