Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Up – Time to Buy?

Auto Trader Group (OTCMKTS:ATDRY) gapped up prior to trading on Tuesday . The stock had previously closed at $1.61, but opened at $1.68. Auto Trader Group shares last traded at $1.68, with a volume of 3,732 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on ATDRY shares. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Barclays cut Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Auto Trader Group currently has an average rating of “Reduce”.

Auto Trader Group Price Performance

The firm’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.83. The company has a current ratio of 1.77, a quick ratio of 1.72 and a debt-to-equity ratio of 0.02.

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.