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

Auction Technology Group plc (LON:ATG)’s share price traded up 0.5% during trading on Tuesday . The company traded as high as GBX 427 and last traded at GBX 420.80. 6,787,410 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 5,644,682 shares. The stock had previously closed at GBX 418.60.

Wall Street Analyst Weigh In

ATG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 815 target price on shares of Auction Technology Group in a research report on Friday, May 15th. Berenberg Bank restated a “buy” rating and issued a GBX 460 price target on shares of Auction Technology Group in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 549.

Auction Technology Group Price Performance

The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. The company has a market capitalization of £509.55 million, a P/E ratio of -3.39 and a beta of 0.70. The firm’s fifty day moving average is GBX 406.32 and its 200 day moving average is GBX 351.38.

Insider Activity

In other Auction Technology Group news, insider Duncan Painter bought 125,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 422 per share, for a total transaction of £527,500. 16.79% of the stock is owned by company insiders.

About Auction Technology Group

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.