Auction Technology Group (LON:ATG) Trading 0.5% Higher – Still a Buy?

Auction Technology Group plc (LON:ATG)’s stock price shot up 0.5% on Friday . The company traded as high as GBX 462 and last traded at GBX 444.20. 165,336 shares traded hands during trading, a decline of 97% from the average daily volume of 4,896,162 shares. The stock had previously closed at GBX 442.20.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a report on Friday, May 15th. Berenberg Bank lifted their target price on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 555.

Auction Technology Group Trading Up 0.5%

The company has a current ratio of 0.94, a quick ratio of 1.36 and a debt-to-equity ratio of 32.55. The stock has a market cap of £537.88 million, a price-to-earnings ratio of -3.58 and a beta of 0.69. The company has a fifty day simple moving average of GBX 429.49 and a 200-day simple moving average of GBX 372.62.

Insider Activity

In other news, insider Duncan Painter purchased 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of GBX 419 per share, for a total transaction of £230,450. 16.79% of the stock is owned by corporate insiders.

Auction Technology Group Company Profile

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.