Auction Technology Group (LON:ATG) Shares Down 1.9% – Should You Sell?

Auction Technology Group plc (LON:ATG)’s share price traded down 1.9% on Wednesday . The stock traded as low as GBX 278.50 and last traded at GBX 280. 61,489 shares were traded during mid-day trading, a decline of 91% from the average session volume of 694,303 shares. The stock had previously closed at GBX 285.50.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATG. JPMorgan Chase & Co. lifted their price objective on Auction Technology Group from GBX 690 to GBX 695 and gave the company an “overweight” rating in a research note on Friday, November 28th. Berenberg Bank dropped their price target on Auction Technology Group from GBX 560 to GBX 460 and set a “buy” rating for the company in a research report on Thursday, November 27th. Royal Bank Of Canada cut their price objective on Auction Technology Group from GBX 415 to GBX 315 and set a “sector perform” rating for the company in a report on Tuesday, December 2nd. Finally, Peel Hunt lowered their target price on shares of Auction Technology Group from GBX 730 to GBX 460 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Stock Performance

The company has a 50 day simple moving average of GBX 290.72 and a 200-day simple moving average of GBX 355.58. The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The stock has a market cap of £337.56 million, a P/E ratio of -2.37 and a beta of 1.29.

About Auction Technology Group

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”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG?has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.