Auto Trader Group (OTCMKTS:ATDRY) Stock Price Down 2.5% – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY) shares fell 2.5% on Wednesday . The company traded as low as $1.5850 and last traded at $1.59. 199,394 shares traded hands during trading, a decline of 80% from the average daily volume of 1,017,224 shares. The stock had previously closed at $1.63.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATDRY. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Barclays lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Auto Trader Group currently has an average rating of “Hold”.

Auto Trader Group Price Performance

The business has a fifty day moving average of $1.57 and a 200 day moving average of $1.66. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

Auto Trader Group Company Profile

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.