Auto Trader Group (OTCMKTS:ATDRY) Sees Strong Trading Volume - Should You Buy?

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 were traded during mid-day 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.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a "buy" rating on shares of Auto Trader Group in a report on Tuesday, June 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Auto Trader Group Trading Up 1.9%

The firm's 50-day moving average is $2.73 and its 200 day moving average is $2.65.

Auto Trader Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 1st will be given a dividend of $0.0192 per share. This represents a dividend yield of 105.0%. The ex-dividend date is Friday, August 29th. This is a boost from Auto Trader Group's previous dividend of $0.01.

About Auto Trader Group

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.