Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Still a Buy?

Auto Trader Group (OTCMKTS:ATDRY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $1.61, but opened at $1.68. Auto Trader Group shares last traded at $1.68, with a volume of 3,732 shares changing hands.

Wall Street Analysts Forecast Growth

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

Auto Trader Group Trading Down 1.8%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.72 and a current ratio of 1.77. The stock’s 50 day simple moving average is $1.62 and its two-hundred day simple moving average is $1.81.

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.