Auto Trader Group (OTCMKTS:ATDRY) Shares Gap Down – Time to Sell?

Auto Trader Group (OTCMKTS:ATDRY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $1.70, but opened at $1.63. Auto Trader Group shares last traded at $1.63, with a volume of 19,165 shares changing hands.

Wall Street Analysts Forecast Growth

ATDRY has been the topic of a number of analyst reports. Citigroup cut shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. 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 reaffirmed a “sector perform” rating on shares of Auto Trader Group in a report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Auto Trader Group in a research note on Thursday, June 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Auto Trader Group Trading Up 0.6%

The company has a quick ratio of 1.66, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $1.57 and a 200-day moving average price of $1.64.

Auto Trader Group Company Profile

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.