Auto Trader Group (OTCMKTS:ATDRY) Stock Jumps 4.6% – Time to Buy?

Auto Trader Group (OTCMKTS:ATDRY)’s share price rose 4.6% on Thursday. The stock traded as high as $1.5850 and last traded at $1.58. 367,493 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 956,165 shares. The stock had previously closed at $1.51.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ATDRY shares. Jefferies Financial Group upgraded shares of Auto Trader Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada restated 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 given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Auto Trader Group Stock Down 0.6%

The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $1.64 and a 200-day moving average of $1.61.

Auto Trader Group Company Profile

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.