AUTO1 Group (OTC:ATOGF) Shares Down 22.5% – Here’s What Happened

AUTO1 Group SE (OTC:ATOGF)’s share price dropped 22.5% on Tuesday . The company traded as low as $18.37 and last traded at $18.37. Approximately 100 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 260 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

A number of research analysts have recently commented on ATOGF shares. Citigroup reaffirmed a “buy” rating on shares of AUTO1 Group in a research note on Tuesday, December 2nd. Jefferies Financial Group started coverage on AUTO1 Group in a report on Monday, December 8th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

AUTO1 Group Price Performance

The stock’s 50 day simple moving average is $29.98 and its 200 day simple moving average is $31.78.

About AUTO1 Group

AUTO1 Group SE operates a digital automotive platform for buying and selling used cars online in Europe. It operates AUTO1.com for the sale of used cars to professional car dealers; Autohero.com for sale of used cars to private customers; and wirkaufendeinauto.de, an online platform to sell their used cars to consumers. AUTO1 Group SE was founded in 2012 and is based in Berlin, Germany.