Auto Trader Group (OTCMKTS:ATDRY) Shares Down 4.1% – What’s Next?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price was down 4.1% during trading on Wednesday . The stock traded as low as $1.65 and last traded at $1.65. Approximately 5,958 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,027,638 shares. The stock had previously closed at $1.72.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATDRY. The Goldman Sachs Group assumed coverage on Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Auto Trader Group Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.73. The business’s 50-day moving average price is $1.68 and its two-hundred day moving average price is $1.62.

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.