Auction Technology Group (LON:ATG) Stock Price Up 0.5% – Still a Buy?

Auction Technology Group plc (LON:ATG)’s share price was up 0.5% during mid-day trading on Tuesday . The stock traded as high as GBX 427 and last traded at GBX 420.80. 6,787,410 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 5,644,682 shares. The stock had previously closed at GBX 418.60.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 815 price target on shares of Auction Technology Group in a report on Friday, May 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 460 price objective on shares of Auction Technology Group in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 549.

Auction Technology Group Price Performance

The firm has a 50-day moving average of GBX 407.69 and a 200-day moving average of GBX 352.39. The stock has a market cap of £518.99 million, a PE ratio of -3.45 and a beta of 0.70. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36.

Insiders Place Their Bets

In related news, insider Duncan Painter acquired 125,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost of GBX 422 per share, with a total value of £527,500. 16.79% of the stock is owned by insiders.

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”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.