Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY) shares gapped down prior to trading on Thursday . The stock had previously closed at $1.45, but opened at $1.39. Auto Trader Group shares last traded at $1.38, with a volume of 163,568 shares trading hands.

Wall Street Analyst Weigh In

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

Auto Trader Group Stock Performance

The stock’s fifty day simple moving average is $1.61 and its two-hundred day simple moving average is $1.78. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02.

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.