Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Time to Buy?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.43, but opened at $1.50. Auto Trader Group shares last traded at $1.51, with a volume of 790,982 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on ATDRY shares. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research note on Thursday. They issued a “buy” rating on the stock. Citigroup cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Auto Trader Group currently has a consensus rating of “Hold”.

Auto Trader Group Trading Up 4.3%

The stock has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.74. 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.