Auction Technology Group (LON:ATG) Shares Up 0.5% - Here's What Happened

Auction Technology Group plc (LON:ATG - Get Free Report) shares were up 0.5% on Thursday . The stock traded as high as GBX 566 ($7.12) and last traded at GBX 557 ($7.01). Approximately 52,693 shares traded hands during trading, a decline of 87% from the average daily volume of 421,091 shares. The stock had previously closed at GBX 554 ($6.97).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ATG. JPMorgan Chase & Co. boosted their price objective on shares of Auction Technology Group from GBX 555 ($6.98) to GBX 695 ($8.75) and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Berenberg Bank restated a "buy" rating and set a GBX 710 ($8.93) price objective on shares of Auction Technology Group in a research note on Friday, November 29th.

Auction Technology Group Stock Down 2.5 %

The firm has a market capitalization of £661.48 million, a P/E ratio of 6,787.50 and a beta of 1.29. The firm's 50 day moving average is GBX 496.19 and its two-hundred day moving average is GBX 471.32. The company has a debt-to-equity ratio of 22.80, a current ratio of 0.69 and a quick ratio of 1.36.

Insider Activity

In other Auction Technology Group news, insider Tom Hargreaves sold 230,000 shares of the company's stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of GBX 510 ($6.42), for a total value of £1,173,000 ($1,476,028.69). Insiders own 4.49% of the company's stock.

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”).