Auto Trader Group (OTCMKTS:ATDRY) Shares Climb 4.6% – Here’s Why

Auto Trader Group (OTCMKTS:ATDRY) traded up 4.6% during trading on Thursday. The company traded as high as $1.5850 and last traded at $1.58. 367,493 shares were traded during trading, a decline of 62% from the average session volume of 956,165 shares. The stock had previously closed at $1.51.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ATDRY shares. Jefferies Financial Group raised shares of Auto Trader Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Auto Trader Group Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.66. The stock has a 50 day simple moving average of $1.65 and a 200 day simple moving average of $1.61.

About Auto Trader Group

Auto Trader Group plc is a United Kingdom-based digital automotive marketplace that operates the Auto Trader platform. The company connects consumers with automotive retailers and private sellers, offering listings for new and used cars, vans and other vehicles. Consumers can use the platform to search vehicle inventories, compare models, research valuations and contact sellers.

Auto Trader also provides automotive retailers and manufacturers with advertising, marketplace, data and software services.