Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Should You Sell?

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $1.7190, but opened at $1.6349. Auto Trader Group shares last traded at $1.64, with a volume of 19,671 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Auto Trader Group Stock Performance

The stock’s 50-day moving average is $1.62 and its 200-day moving average is $1.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77.

Auto Trader Group Company Profile

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.