Auction Technology Group (LON:ATG) Stock Price Down 21.7% - Here's Why

Key Points

• Auction Technology Group (LON:ATG) experienced a significant stock price drop of 21.7%, trading as low as GBX 370 ($4.92) amidst increased trading volume.
• The company's market capitalization stands at £464.49 million with a PE ratio of 45.92, indicating potential valuation concerns.
• ATG operates leading online auction marketplaces, connecting bidders to over 3,800 auction houses specializing in Industrial & Commercial and Art & Antiques sectors.

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 ($4.92) and last traded at GBX 376 ($5.00). Approximately 2,084,420 shares were traded during trading, an increase of 228% from the average daily volume of 636,357 shares. The stock had previously closed at GBX 480 ($6.38).

Auction Technology Group Price Performance

The company has a market capitalization of £464.49 million, a PE ratio of 45.92 and a beta of 1.29. 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 firm has a fifty day moving average of GBX 465.78 and a two-hundred day moving average of GBX 537.97.

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”).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.