Auto Trader Group (OTCMKTS:ATDRY) Trading Up 7.7% – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY)’s stock price was up 7.7% during trading on Friday . The company traded as high as $1.5450 and last traded at $1.54. Approximately 28,097 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,273,481 shares. The stock had previously closed at $1.43.

Analysts Set New Price Targets

A number of equities research analysts have commented on ATDRY shares. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a research report on Thursday. They issued a “buy” rating on the stock. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Auto Trader Group presently has a consensus rating of “Hold”.

Auto Trader Group Trading Up 3.4%

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. The stock’s 50-day moving average is $1.59 and its 200 day moving average is $1.74.

Auto Trader Group Company Profile

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.