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

Key Points

• Auto Trader Group experienced a notable 155% increase in trading volume, with 716,688 shares exchanged on Monday, up from 280,839 shares previously.
• The company recently declared a dividend of $0.0192 per share, marking a significant increase from its previous dividend of $0.01 and a yield of 105.0%.
• Wall Street analysts have a consensus "Reduce" rating for Auto Trader Group, with one "Buy," one "Sell," and two "Underweight" ratings according to Morgan Stanley.

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) saw an uptick in trading volume on Monday . 716,688 shares changed hands during trading, an increase of 155% from the previous session's volume of 280,839 shares.The stock last traded at $2.57 and had previously closed at $2.56.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an "underweight" rating on shares of Auto Trader Group in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Auto Trader Group has a consensus rating of "Reduce".

Auto Trader Group Stock Performance

The stock has a 50 day moving average of $2.62 and a 200-day moving average of $2.69.

Auto Trader Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 1st were given a dividend of $0.0192 per share. This represents a dividend yield of 105.0%. The ex-dividend date was Friday, August 29th. This is a positive change 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.

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