Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Still a Buy?

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $1.55, but opened at $1.64. Auto Trader Group shares last traded at $1.64, with a volume of 19,002 shares.

Analysts Set New Price Targets

ATDRY has been the topic of a number of recent analyst reports. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. The Goldman Sachs Group initiated coverage on shares of Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Finally, Barclays cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Auto Trader Group Price Performance

The firm has a 50-day moving average of $1.56 and a 200-day moving average of $1.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73.

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.