Auction Technology Group (LON:ATG) Trading 8.5% Higher – Should You Buy?

Auction Technology Group plc (LON:ATG) shares traded up 8.5% during mid-day trading on Tuesday . The stock traded as high as GBX 354 ($4.72) and last traded at GBX 338.42 ($4.51). 7,520,319 shares traded hands during trading, an increase of 983% from the average session volume of 694,534 shares. The stock had previously closed at GBX 312 ($4.16).

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Auction Technology Group from GBX 725 to GBX 710 and set an “overweight” rating on the stock in a report on Tuesday, August 5th. Berenberg Bank decreased their price objective on Auction Technology Group from GBX 660 to GBX 560 and set a “buy” rating on the stock in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on Auction Technology Group from GBX 910 to GBX 815 and set a “buy” rating on the stock in a report on Monday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on Auction Technology Group from GBX 500 to GBX 415 and set a “sector perform” rating on the stock in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 625.

Auction Technology Group Trading Up 8.2%

The stock has a market cap of £406.86 million, a P/E ratio of 16.96 and a beta of 1.29. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The company has a 50-day moving average price of GBX 324.82 and a two-hundred day moving average price of GBX 429.39.

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”).