Auction Technology Group (LON:ATG) Shares Up 10.1% – Here’s Why

Auction Technology Group plc (LON:ATG)’s share price shot up 10.1% on Friday . The stock traded as high as GBX 401.60 and last traded at GBX 390. 1,598,049 shares were traded during mid-day trading, a decline of 78% from the average session volume of 7,300,767 shares. The stock had previously closed at GBX 354.20.

Auction Technology Group Price Performance

The firm has a 50 day moving average of GBX 338.89 and a two-hundred day moving average of GBX 313.58. The company has a current ratio of 0.66, a quick ratio of 1.36 and a debt-to-equity ratio of 36.02. The company has a market cap of £468.86 million, a PE ratio of -3.28 and a beta of 0.72.

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.