Auction Technology Group (LON:ATG) Trading Down 21.7% - Time to Sell?

Key Points

• Auction Technology Group's shares fell by 21.7% in a single trading session, closing at GBX 376 ($4.99) after hitting a low of GBX 370 ($4.91).
• The trading volume soared to approximately 2,084,420 shares, marking a 228% increase compared to its average daily volume of 636,357 shares.
• The company maintains a market cap of £464.49 million with a price-to-earnings ratio of 45.92 and a debt-to-equity ratio of 18.16.

Auction Technology Group plc (LON:ATG - Get Free Report) fell 21.7% on Monday . The company traded as low as GBX 370 ($4.92) and last traded at GBX 376 ($5.00). 2,084,420 shares changed hands during trading, an increase of 228% from the average session volume of 636,357 shares. The stock had previously closed at GBX 480 ($6.38).

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATG shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Auction Technology Group from GBX 910 ($12.09) to GBX 815 ($10.83) and set a "buy" rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their target price on Auction Technology Group from GBX 725 ($9.64) to GBX 710 ($9.44) and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Berenberg Bank cut their target price on Auction Technology Group from GBX 660 ($8.77) to GBX 560 ($7.44) and set a "buy" rating on the stock in a research note on Monday.

Auction Technology Group Trading Down 2.3%

The firm has a market capitalization of £453.99 million, a PE ratio of 44.89 and a beta of 1.29. The stock's 50-day moving average price is GBX 465.78 and its 200 day moving average price is GBX 537.97. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36.

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”).