Auto Trader Group (OTCMKTS:ATDRY) Trading 0.7% Higher - Time to Buy?

Key Points

• Auto Trader Group shares increased by 0.7%, trading at approximately $2.75, with a notable volume increase of 26% over the average daily trading volume.
• Citigroup has reaffirmed a "buy" rating for Auto Trader Group, indicating positive sentiment from analysts regarding the stock's growth potential.
• The stock is performing well with a 50-day moving average of $2.73 and a 200-day moving average of $2.62, suggesting consistent trading above average price levels.

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) shares rose 0.7% on Thursday . The company traded as high as $2.78 and last traded at $2.75. Approximately 344,242 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 272,192 shares. The stock had previously closed at $2.73.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a "buy" rating on shares of Auto Trader Group in a report on Tuesday, June 10th.

Auto Trader Group Stock Performance

The stock has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.62.

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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