Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY) gapped down before the market opened on Thursday . The stock had previously closed at $1.63, but opened at $1.52. Auto Trader Group shares last traded at $1.51, with a volume of 83,824 shares traded.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATDRY. Barclays lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Auto Trader Group Trading Down 8.2%

The company has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.81. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.02.

About Auto Trader Group

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.