Auction Technology Group (LON:ATG) Stock Price Down 22.1% - Here's What Happened

Key Points

• Auction Technology Group's stock fell by 22.1% during mid-day trading, closing at GBX 374 ($4.97) after trading as low as GBX 370 ($4.91).
• The significant decline occurred on a trading volume of 1,230,083 shares, which is a 95% increase from the average session volume.
• Currently, Auction Technology Group has a market cap of £463.96 million and a price-to-earnings ratio of 45.87, reflecting its valuation in the market.

Shares of Auction Technology Group plc (LON:ATG - ) traded down 22.1% during mid-day trading on Monday . The stock traded as low as GBX 370 ($4.91) and last traded at GBX 374 ($4.97). 1,230,083 shares changed hands during trading, an increase of 95% from the average session volume of 630,623 shares. The stock had previously closed at GBX 480 ($6.37).

Auction Technology Group Stock Performance

The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The firm has a 50 day simple moving average of GBX 467.41 and a 200-day simple moving average of GBX 539.40. The company has a market cap of £463.96 million, a price-to-earnings ratio of 45.87 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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