Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemAuto Trader Group (OTCMKTS:ATDRY – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $1.94, but opened at $1.8450. Auto Trader Group shares last traded at $1.8699, with a volume of 16,907 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on ATDRY shares. Jefferies Financial Group lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley reiterated an “underweight” rating on shares of Auto Trader Group in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Auto Trader Group currently has an average rating of “Reduce”.
Read Our Latest Stock Report on ATDRY
Auto Trader Group Stock Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77. The stock’s 50 day moving average is $2.11 and its 200 day moving average is $2.47.
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.