Citigroup Downgrades Auto Trader Group (OTCMKTS:ATDRY) to Hold

Key Points

• Citigroup downgraded Auto Trader Group (OTCMKTS:ATDRY) from a strong-buy to a hold, and Jefferies also cut its rating to hold, leaving the stock with an average analyst rating of Reduce.
• Shares opened at $1.57, trading within a 12‑month range of $1.45–$3.10, with the 50‑day moving average ($1.60) below the 200‑day ($2.00), indicating recent weakness.
• Auto Trader is a digital automotive marketplace in the UK and Ireland and reports low leverage (debt‑to‑equity 0.02) with solid liquidity metrics (quick ratio 1.72, current ratio 1.77).

Auto Trader Group (OTCMKTS:ATDRY - Get Free Report) was downgraded by analysts at Citigroup from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group cut shares of Auto Trader Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".

Auto Trader Group Price Performance

Shares of ATDRY opened at $1.57 on Wednesday. Auto Trader Group has a twelve month low of $1.45 and a twelve month high of $3.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77. The company has a 50 day moving average of $1.60 and a two-hundred day moving average of $2.00.

Auto Trader Group Company Profile

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.

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