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

Auto Trader Group (OTCMKTS:ATDRY)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $1.48, but opened at $1.52. Auto Trader Group shares last traded at $1.51, with a volume of 193,463 shares changing hands.

Analysts Set New Price Targets

ATDRY has been the subject of several research reports. Jefferies Financial Group upgraded shares of Auto Trader Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Auto Trader Group in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Auto Trader Group Stock Performance

The business’s 50-day simple moving average is $1.65 and its 200-day simple moving average is $1.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.66.

About Auto Trader Group

Auto Trader Group plc is a United Kingdom-based digital automotive marketplace that operates the Auto Trader platform. The company connects consumers with automotive retailers and private sellers, offering listings for new and used cars, vans and other vehicles. Consumers can use the platform to search vehicle inventories, compare models, research valuations and contact sellers.

Auto Trader also provides automotive retailers and manufacturers with advertising, marketplace, data and software services.