Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $1.70, but opened at $1.63. Auto Trader Group shares last traded at $1.63, with a volume of 19,165 shares.

Wall Street Analysts Forecast Growth

ATDRY has been the topic of a number of research reports. The Goldman Sachs Group began coverage on shares of Auto Trader Group in a report on Thursday, June 4th. They issued a “buy” rating on the stock. Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Auto Trader Group in a research note on Friday. Finally, Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Auto Trader Group currently has a consensus rating of “Hold”.

Auto Trader Group Trading Up 0.6%

The firm’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $1.64. The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

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.