Auction Technology Group (LON:ATG) Trading Down 2% - Here's What Happened

Key Points

• Auction Technology Group (ATG) share price fell by 2% to GBX 298 ($4.01) with trading volume dropping 78% compared to the average.
• Several analysts have revised their price targets for ATG, with JPMorgan lowering it from GBX 725 to GBX 710, while a consensus rating remains a "Moderate Buy".
• The company operates major online auction marketplaces for various sectors, connecting global bidders with over 3,800 auction houses.

Auction Technology Group plc (LON:ATG - Get Free Report) traded down 2% on Thursday . The stock traded as low as GBX 296 ($3.98) and last traded at GBX 298 ($4.01). 144,966 shares were traded during trading, a decline of 78% from the average session volume of 667,677 shares. The stock had previously closed at GBX 304 ($4.09).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Auction Technology Group from GBX 725 to GBX 710 and set an "overweight" rating on the stock in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft cut their price target on Auction Technology Group from GBX 910 to GBX 815 and set a "buy" rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada cut their price target on 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, Berenberg Bank cut their price target on Auction Technology Group from GBX 660 to GBX 560 and set a "buy" rating on the stock in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 625.

Auction Technology Group Trading Down 2.0%

The company has a 50-day moving average price of GBX 329.30 and a 200-day moving average price of GBX 445.83. The firm has a market capitalization of £359.24 million, a price-to-earnings ratio of 1,497.49 and a beta of 1.29. The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62.

Auction Technology Group Company Profile

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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