Auction Technology Group (LON:ATG) Trading Down 0.9% - Should You Sell?

Key Points

• Auction Technology Group's stock (LON:ATG) fell by 0.9% during mid-day trading, with a current trading price around GBX 329 ($4.43).
• Analysts have lowered target prices for ATG, with estimates ranging from GBX 415 to GBX 710, resulting in a consensus rating of "Moderate Buy."
• The company operates leading auction markets for sectors like Industrial & Commercial and Art & Antiques, with a market cap of approximately £396.09 million.

Auction Technology Group plc (LON:ATG - Get Free Report) traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as GBX 327.50 ($4.40) and last traded at GBX 329 ($4.43). 178,608 shares were traded during trading, a decline of 74% from the average session volume of 685,678 shares. The stock had previously closed at GBX 332 ($4.47).

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Auction Technology Group from GBX 725 to GBX 710 and set an "overweight" rating for the company in a research report on Tuesday, August 5th. Berenberg Bank lowered their price target on shares of Auction Technology Group from GBX 660 to GBX 560 and set a "buy" rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada lowered their price target on shares of Auction Technology Group from GBX 500 to GBX 415 and set a "sector perform" rating on the stock in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Auction Technology Group from GBX 910 to GBX 815 and set a "buy" rating on the stock in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Auction Technology Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 625.

Auction Technology Group Price Performance

The firm's fifty day moving average price is GBX 372.98 and its 200 day moving average price is GBX 474.73. 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 £396.09 million, a PE ratio of 1,653.27 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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