Auto Trader Group (OTCMKTS:ATDRY) Sets New 52-Week Low – Should You Sell?

Shares of Auto Trader Group (OTCMKTS:ATDRY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.45, with a volume of 212046 shares traded. The stock had previously closed at $1.48.

Analysts Set New Price Targets

ATDRY has been the subject of several recent analyst reports. 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 investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Auto Trader Group presently has an average rating of “Reduce”.

Auto Trader Group Trading Down 1.4%

The business has a fifty day moving average of $1.61 and a 200-day moving average of $1.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72.

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.