Auction Technology Group (LON:ATG) Reaches New 1-Year High – Here’s Why

Auction Technology Group plc (LON:ATG) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 5,669.40 ($73.51) and last traded at GBX 568 ($7.37), with a volume of 12726175 shares. The stock had previously closed at GBX 579 ($7.51).

Analyst Ratings Changes

Several research analysts recently issued reports on ATG shares. Berenberg Bank reissued a “buy” rating and set a GBX 710 ($9.21) price target on shares of Auction Technology Group in a report on Friday, November 29th. JPMorgan Chase & Co. increased their price target on shares of Auction Technology Group from GBX 780 ($10.11) to GBX 790 ($10.24) and gave the stock an “overweight” rating in a report on Thursday, March 6th.

Auction Technology Group Stock Performance

The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. The company has a market capitalization of £706.62 million, a PE ratio of 69.86 and a beta of 1.29. The stock’s fifty day simple moving average is GBX 581 and its 200-day simple moving average is GBX 508.67.

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”).