Auction Technology Group plc (LON:ATG - Get Free Report) traded down 21.7% during mid-day trading on Monday . The company traded as low as GBX 370 ($4.98) and last traded at GBX 376 ($5.06). 2,084,420 shares traded hands during mid-day trading, an increase of 228% from the average session volume of 636,357 shares. The stock had previously closed at GBX 480 ($6.46).
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Auction Technology Group from GBX 725 ($9.75) to GBX 710 ($9.55) and set an "overweight" rating for the company in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on Auction Technology Group from GBX 500 ($6.72) to GBX 415 ($5.58) and set a "sector perform" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Auction Technology Group from GBX 910 ($12.24) to GBX 815 ($10.96) and set a "buy" rating for the company in a research note on Monday, August 4th. Finally, Berenberg Bank reduced their price objective on Auction Technology Group from GBX 660 ($8.88) to GBX 560 ($7.53) and set a "buy" rating for the company in a research note on Monday, August 4th.
Read Our Latest Stock Analysis on ATG
Auction Technology Group Stock Down 2.9%
The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62. The firm has a fifty day moving average price of GBX 457.55 and a 200 day moving average price of GBX 532.23. The firm has a market capitalization of £420.02 million, a price-to-earnings ratio of 41.53 and a beta of 1.29.
About Auction Technology Group
(
Get Free Report)
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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