Duncan Painter Purchases 55,000 Shares of Auction Technology Group (LON:ATG) Stock

Auction Technology Group plc (LON:ATG) insider Duncan Painter purchased 55,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were purchased at an average cost of GBX 419 per share, for a total transaction of £230,450.

Duncan Painter also recently made the following trade(s):

• On Wednesday, May 27th, Duncan Painter purchased 125,000 shares of Auction Technology Group stock. The shares were purchased at an average cost of GBX 422 per share, for a total transaction of £527,500.

Auction Technology Group Price Performance

LON ATG opened at GBX 425.84 on Friday. The business’s fifty day moving average price is GBX 358.24 and its 200-day moving average price is GBX 320.28. The stock has a market capitalization of £515.65 million, a price-to-earnings ratio of -3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. Auction Technology Group plc has a 1-year low of GBX 259.50 and a 1-year high of GBX 513.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 815 price target on shares of Auction Technology Group in a research note on Friday, May 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 460 price target on shares of Auction Technology Group in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 549.

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.