Auction Technology Group (LON:ATG) Trading 0.3% Higher – Here’s What Happened

Auction Technology Group plc (LON:ATGGet Free Report)’s share price traded up 0.3% during mid-day trading on Friday . The stock traded as high as GBX 586 ($7.13) and last traded at GBX 580 ($7.06). 770,234 shares changed hands during trading, an increase of 21% from the average session volume of 635,071 shares. The stock had previously closed at GBX 578 ($7.03).

Analyst Upgrades and Downgrades

ATG has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Auction Technology Group from GBX 555 ($6.75) to GBX 695 ($8.46) and gave the stock an “overweight” rating in a report on Thursday, December 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 710 ($8.64) price objective on shares of Auction Technology Group in a report on Friday, November 29th.

Read Our Latest Analysis on Auction Technology Group

Auction Technology Group Price Performance

The company’s 50-day simple moving average is GBX 526.11 and its 200-day simple moving average is GBX 470.03. The company has a debt-to-equity ratio of 22.80, a current ratio of 0.69 and a quick ratio of 1.36. The company has a market cap of £706.56 million, a price-to-earnings ratio of 7,250.00 and a beta of 1.29.

Insiders Place Their Bets

In other news, insider Tom Hargreaves sold 230,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.21), for a total value of £1,173,000 ($1,427,180.92). 4.49% of the stock is owned by company insiders.

About Auction Technology Group

(Get Free Report)

Auction Technology Group plc (“ATG”) is the operator of the world’s leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to over 3,800 trusted auction houses across two major sectors: Industrial & Commercial (“I&C”) and Art & Antiques (“A&A”).

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