Auto Trader Group (OTCMKTS:ATDRY) Sees Large Volume Increase – Should You Buy?

Auto Trader Group (OTCMKTS:ATDRY) saw unusually-high trading volume on Wednesday . Approximately 1,087,512 shares changed hands during trading, an increase of 212% from the previous session’s volume of 348,475 shares.The stock last traded at $2.27 and had previously closed at $2.35.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “underweight” rating on shares of Auto Trader Group in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Auto Trader Group Trading Down 4.3%

The firm’s 50-day moving average is $2.57 and its two-hundred day moving average is $2.70.

Auto Trader Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 1st were paid a $0.0192 dividend. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Auto Trader Group’s previous dividend of $0.01.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.