Auto Trader Group (OTCMKTS:ATDRY) Sees Large Volume Increase – Still a Buy?

Auto Trader Group (OTCMKTS:ATDRY) shares saw unusually-high trading volume on Tuesday . 3,297,044 shares traded hands during trading, an increase of 194% from the previous session’s volume of 1,122,254 shares.The stock last traded at $1.74 and had previously closed at $1.73.

Analysts Set New Price Targets

A number of research firms recently commented on ATDRY. Barclays lowered shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a report on Friday, July 17th. The Goldman Sachs Group initiated coverage on Auto Trader Group in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Finally, Citigroup downgraded Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Auto Trader Group Stock Up 0.9%

The company has a current ratio of 1.73, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $1.58 and a 200-day moving average of $1.63.

About Auto Trader Group

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.