Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.80, but opened at $1.74. Auto Trader Group shares last traded at $1.75, with a volume of 1,971 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group started coverage on Auto Trader Group in a research note on Thursday, June 4th. They set a “buy” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Auto Trader Group Stock Performance

The company’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.61. The company has a quick ratio of 1.66, a current ratio of 1.73 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.