Auction Technology Group (LON:ATG) Trading Up 0.5% – Still a Buy?

Auction Technology Group plc (LON:ATG)’s stock price was up 0.5% during mid-day trading on Thursday . The stock traded as high as GBX 566 ($7.09) and last traded at GBX 557 ($6.98). Approximately 52,693 shares changed hands during trading, a decline of 87% from the average daily volume of 421,091 shares. The stock had previously closed at GBX 554 ($6.94).

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATG. Berenberg Bank reiterated a “buy” rating and set a GBX 710 ($8.90) price target on shares of Auction Technology Group in a research note on Friday, November 29th. JPMorgan Chase & Co. upped their price objective on Auction Technology Group from GBX 555 ($6.95) to GBX 695 ($8.71) and gave the company an “overweight” rating in a research note on Thursday, December 5th.

Auction Technology Group Trading Up 0.5 %

The stock has a market cap of £678.54 million, a price-to-earnings ratio of 6,962.50 and a beta of 1.29. The business has a fifty day simple moving average of GBX 494.03 and a 200 day simple moving average of GBX 471.38. The company has a debt-to-equity ratio of 22.80, a quick ratio of 1.36 and a current ratio of 0.69.

Insider Activity at Auction Technology Group

In related news, insider Tom Hargreaves sold 230,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.39), for a total value of £1,173,000 ($1,469,924.81). Insiders own 4.49% of the company’s stock.

Auction Technology Group Company Profile

Auction Technology Group plc operates online auction marketplaces primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.