Auto Trader Group (OTCMKTS:ATDRY) Trading Down 4.7% – Time to Sell?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price was down 4.7% during mid-day trading on Friday . The company traded as low as $1.62 and last traded at $1.62. Approximately 128 shares traded hands during trading, a decline of 100% from the average daily volume of 1,270,433 shares. The stock had previously closed at $1.70.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Auto Trader Group presently has a consensus rating of “Reduce”.

Auto Trader Group Price Performance

The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $1.91 and its 200 day simple moving average is $2.34.

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.