Auction Technology Group (LON:ATG) Shares Up 0.5% – Here’s What Happened

Auction Technology Group plc (LON:ATG)’s share price shot up 0.5% during trading on Friday . The stock traded as high as GBX 462 and last traded at GBX 444.20. 165,336 shares traded hands during trading, a decline of 97% from the average session volume of 4,896,162 shares. The stock had previously closed at GBX 442.20.

Wall Street Analysts Forecast Growth

ATG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 815 target price on shares of Auction Technology Group in a report on Friday, May 15th. Berenberg Bank raised their price target on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Price Performance

The company’s 50-day moving average price is GBX 429.49 and its 200-day moving average price is GBX 372.62. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. The company has a market cap of £537.88 million, a P/E ratio of -3.58 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Duncan Painter bought 125,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of GBX 422 per share, for a total transaction of £527,500. Insiders own 16.79% of the company’s stock.

Auction Technology Group Company Profile

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.