Auto Trader Group (OTCMKTS:ATDRY) Sees Large Volume Increase - What's Next?

Key Points

• Auto Trader Group experienced a significant increase in trading volume, with approximately 911,950 shares traded—an increase of 259% over the previous session.
• Citigroup has restated a "buy" rating for Auto Trader Group's shares amid an overall rating of "Hold" based on analyst evaluations.
• The stock is currently trading at $2.66, slightly below its 50-day moving average of $2.74.

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 911,950 shares traded hands during trading, an increase of 259% from the previous session's volume of 253,906 shares.The stock last traded at $2.66 and had previously closed at $2.72.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a "buy" rating on shares of Auto Trader Group in a research report on Tuesday, June 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Auto Trader Group Price Performance

The business's 50 day moving average is $2.74 and its 200-day moving average is $2.64.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.

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