Auction Technology Group (LON:ATG) Reaches New 52-Week High – Should You Buy?

Shares of Auction Technology Group plc (LON:ATG) hit a new 52-week high on Friday . The company traded as high as GBX 5,669.40 ($73.20) and last traded at GBX 568 ($7.33), with a volume of 12726175 shares. The stock had previously closed at GBX 579 ($7.48).

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ATG. JPMorgan Chase & Co. upped their target price on Auction Technology Group from GBX 780 ($10.07) to GBX 790 ($10.20) and gave the company an “overweight” rating in a research report on Thursday, March 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 710 ($9.17) target price on shares of Auction Technology Group in a research report on Friday, November 29th.

Auction Technology Group Price Performance

The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The company has a market capitalization of £700.44 million, a price-to-earnings ratio of 69.25 and a beta of 1.29. The stock has a fifty day simple moving average of GBX 581.58 and a 200-day simple moving average of GBX 509.73.

Auction Technology Group Company Profile

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”).