AUTO1 Group (OTCMKTS:ATOGF) Stock Falls 11.6% – Should You Sell?

AUTO1 Group SE (OTCMKTS:ATOGF) fell 11.6% during mid-day trading on Friday. The company traded as low as $17.68 and last traded at $17.68. Approximately 20,036 shares traded hands during mid-day trading, an increase of 1,426% from the average daily volume of 1,313 shares. The stock had previously closed at $20.00.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “buy” rating on shares of AUTO1 Group in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

AUTO1 Group Stock Down 11.6%

The company has a fifty day moving average of $23.64 and a 200 day moving average of $23.64.

AUTO1 Group Company Profile

AUTO1 Group SE is a Germany-based online platform for trading used vehicles. Founded in Berlin in 2012 by Christian Bertermann and Hakan Koç, the company connects consumers, professional car dealers and vehicle suppliers through digital marketplaces and related services.

The company operates AUTO1.com, a wholesale platform that enables professional dealers to purchase used vehicles, and Autohero, its retail brand for consumers. Autohero offers inspected used cars through an online purchasing process and provides services that may include vehicle delivery, financing and warranties.