Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Here’s What Happened

Shares of Auto Trader Group (OTCMKTS:ATDRY) gapped down prior to trading on Thursday . The stock had previously closed at $1.45, but opened at $1.39. Auto Trader Group shares last traded at $1.38, with a volume of 163,568 shares trading hands.

Analyst Ratings Changes

ATDRY has been the subject of several analyst reports. Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Auto Trader Group Stock Performance

The firm’s fifty day moving average is $1.61 and its 200-day moving average is $1.78. The company has a quick ratio of 1.72, a current ratio of 1.77 and a debt-to-equity ratio of 0.02.

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.