Auction Technology Group (LON:ATG) Sets New 52-Week High - What's Next?

Auction Technology Group plc (LON:ATG - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as GBX 5,669.40 ($73.40) and last traded at GBX 568 ($7.35), with a volume of 12726175 shares changing hands. The stock had previously closed at GBX 579 ($7.50).

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ATG. Berenberg Bank restated a "buy" rating and set a GBX 710 ($9.19) price objective on shares of Auction Technology Group in a report on Friday, November 29th. JPMorgan Chase & Co. boosted their price target on Auction Technology Group from GBX 780 ($10.10) to GBX 790 ($10.23) and gave the company an "overweight" rating in a research note on Thursday, March 6th.

Auction Technology Group Stock Performance

The stock's 50-day simple moving average is GBX 583.54 and its 200-day simple moving average is GBX 512.42. The stock has a market cap of £720.21 million, a price-to-earnings ratio of 71.21 and a beta of 1.29. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16.

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”).