Berenberg Bank Reaffirms Buy Rating for Auction Technology Group (LON:ATG)

Berenberg Bank reiterated their buy rating on shares of Auction Technology Group (LON:ATG) in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a GBX 710 ($8.84) price objective on the stock.

Auction Technology Group Stock Performance

Shares of LON:ATG opened at GBX 499.50 ($6.22) on Tuesday. The company’s fifty day simple moving average is GBX 601.07 and its 200 day simple moving average is GBX 561.08. The firm has a market cap of £608.04 million, a price-to-earnings ratio of 3,567.86 and a beta of 1.30. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 23.60. Auction Technology Group has a 12 month low of GBX 440 ($5.48) and a 12 month high of GBX 810 ($10.08).

About Auction Technology Group

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.