Auto Trader Group (OTCMKTS:ATDRY) Downgraded by Barclays to “Hold”

Auto Trader Group (OTCMKTS:ATDRY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Auto Trader Group Stock Performance

Shares of ATDRY opened at $1.69 on Wednesday. Auto Trader Group has a fifty-two week low of $1.45 and a fifty-two week high of $3.10. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02. The business’s 50-day moving average is $1.59 and its 200-day moving average is $1.93.

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.