Auction Technology Group (LON:ATG) Stock Jumps 1.5% – Here’s What Happened

Auction Technology Group plc (LON:ATG) was up 1.5% on Friday. The company traded as high as GBX 434.40 and last traded at GBX 434.40. Approximately 2,892,353 shares traded hands during trading, a decline of 32% from the average daily volume of 4,226,248 shares. The stock had previously closed at GBX 427.80.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their target price on Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a research report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 555.

Auction Technology Group Stock Performance

The company has a market cap of £526.01 million, a PE ratio of -3.50 and a beta of 0.69. The business’s 50-day moving average is GBX 441.99 and its 200 day moving average is GBX 400.03. The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94.

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.