Auction Technology Group (LON:ATG) Shares Up 0.5% – Here’s Why

Auction Technology Group plc (LON:ATG) shares were up 0.5% during trading on Thursday . The company traded as high as GBX 591 ($7.49) and last traded at GBX 586 ($7.43). Approximately 287,735 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 435,807 shares. The stock had previously closed at GBX 583 ($7.39).

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 710 ($9.00) price objective on shares of Auction Technology Group in a research note on Friday, November 29th. JPMorgan Chase & Co. raised their target price on shares of Auction Technology Group from GBX 555 ($7.03) to GBX 695 ($8.81) and gave the stock an “overweight” rating in a research note on Thursday, December 5th.

Auction Technology Group Trading Up 0.7 %

The stock has a fifty day simple moving average of GBX 573.76 and a 200 day simple moving average of GBX 489.34. The firm has a market capitalization of £728.86 million, a P/E ratio of 72.06 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16.

Insider Buying and Selling

In related news, insider Tom Hargreaves sold 230,000 shares of the company’s stock in a transaction on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.46), for a total transaction of £1,173,000 ($1,486,315.26). 4.49% of the stock is currently owned by company insiders.

About Auction Technology Group

Auction Technology Group plc (“ATG”) is the operator of the world’s leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial (“I&C”) and Art & Antiques (“A&A”).