Auto Trader Group (LON:AUTO) Shares Pass Below 50 Day Moving Average - Time to Sell?

Auto Trader Group plc (LON:AUTO - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 818.59 ($11.07) and traded as low as GBX 783.20 ($10.60). Auto Trader Group shares last traded at GBX 790 ($10.69), with a volume of 1,474,514 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated an "underweight" rating and set a GBX 746 ($10.09) price objective on shares of Auto Trader Group in a report on Thursday, March 20th. Berenberg Bank reissued a "hold" rating and set a GBX 830 ($11.23) price target on shares of Auto Trader Group in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 864.25 ($11.69).

Auto Trader Group Stock Performance

The company has a 50 day moving average price of GBX 818.59 and a 200-day moving average price of GBX 798.09. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The company has a market cap of £6.98 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78.

Auto Trader Group (LON:AUTO - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported GBX 31.66 ($0.43) earnings per share (EPS) for the quarter. Auto Trader Group had a return on equity of 47.03% and a net margin of 45.00%. On average, equities analysts expect that Auto Trader Group plc will post 32.7973074 earnings per share for the current fiscal year.

Insider Activity at Auto Trader Group

In other Auto Trader Group news, insider Nathan Coe sold 2,083,252 shares of Auto Trader Group stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 386 ($5.22), for a total transaction of £8,041,352.72 ($10,878,453.35). 1.04% of the stock is currently owned by company insiders.

About Auto Trader Group

About Auto Trader Auto Trader Group plc is the UK's largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index. Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices. With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process.

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