Auction Technology Group (LON:ATG) Trading Up 24% – Here’s What Happened
by Kim Johansen · The Markets DailyAuction Technology Group plc (LON:ATG – Get Free Report) shares shot up 24% during trading on Monday . The company traded as high as GBX 338 and last traded at GBX 336. 3,339,430 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 3,307,019 shares. The stock had previously closed at GBX 270.95.
Analysts Set New Price Targets
A number of brokerages have issued reports on ATG. JPMorgan Chase & Co. lifted their price objective on Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Peel Hunt reduced their price target on Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Royal Bank Of Canada lowered their price target on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a research report on Tuesday, December 2nd. Finally, Berenberg Bank cut their price objective on shares of Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating on the stock in a research report on Thursday, November 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 549.
Read Our Latest Research Report on Auction Technology Group
Auction Technology Group Trading Up 23.6%
The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. The firm has a market capitalization of £403.87 million, a PE ratio of -2.83 and a beta of 1.29. The stock’s fifty day simple moving average is GBX 287.65 and its 200 day simple moving average is GBX 346.56.
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.