Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Time to Buy?

Auto Trader Group (OTCMKTS:ATDRY) shares gapped up before the market opened on Wednesday. The stock had previously closed at $1.48, but opened at $1.52. Auto Trader Group shares last traded at $1.51, with a volume of 193,463 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ATDRY shares. Jefferies Financial Group raised Auto Trader Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Auto Trader Group currently has a consensus rating of “Hold”.

Auto Trader Group Price Performance

The stock’s 50 day moving average price is $1.64 and its 200 day moving average price is $1.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73.

About Auto Trader Group

Auto Trader Group plc is a United Kingdom-based digital automotive marketplace that operates the Auto Trader platform. The company connects consumers with automotive retailers and private sellers, offering listings for new and used cars, vans and other vehicles. Consumers can use the platform to search vehicle inventories, compare models, research valuations and contact sellers.

Auto Trader also provides automotive retailers and manufacturers with advertising, marketplace, data and software services.