Auction Technology Group (LON:ATG) Shares Up 0.5% - Time to Buy?

Shares of Auction Technology Group plc (LON:ATG - Get Free Report) were up 0.5% during trading on Thursday . The company traded as high as GBX 591 ($7.47) and last traded at GBX 586 ($7.40). Approximately 287,735 shares traded hands during trading, a decline of 34% from the average daily volume of 435,807 shares. The stock had previously closed at GBX 583 ($7.37).

Analyst Ratings Changes

A number of analysts have commented on ATG shares. JPMorgan Chase & Co. upped their target price on shares of Auction Technology Group from GBX 555 ($7.01) to GBX 695 ($8.78) and gave the company an "overweight" rating in a report on Thursday, December 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 710 ($8.97) target price on shares of Auction Technology Group in a report on Friday, November 29th.

Auction Technology Group Stock Down 0.5 %

The company has a market capitalization of £720.21 million, a PE ratio of 71.21 and a beta of 1.29. The company's 50 day moving average is GBX 573.92 and its two-hundred day moving average is GBX 490.09. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16.

Insider Activity at Auction Technology Group

In other Auction Technology Group news, insider Tom Hargreaves sold 230,000 shares of the stock in a transaction on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.44), for a total transaction of £1,173,000 ($1,481,996.21). 4.49% of the stock is currently owned by corporate insiders.

Auction Technology Group Company Profile

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”).