Auction Technology Group (LON:ATG) Insider Duncan Painter Purchases 55,000 Shares

Auction Technology Group plc (LON:ATG) insider Duncan Painter purchased 55,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of GBX 419 per share, for a total transaction of £230,450.

Duncan Painter also recently made the following trade(s):

• On Wednesday, May 27th, Duncan Painter purchased 125,000 shares of Auction Technology Group stock. The shares were purchased at an average price of GBX 422 per share, for a total transaction of £527,500.

Auction Technology Group Trading Up 1.4%

LON:ATG opened at GBX 425.84 on Friday. The company’s 50 day moving average price is GBX 358.24 and its 200-day moving average price is GBX 320.28. Auction Technology Group plc has a 52 week low of GBX 259.50 and a 52 week high of GBX 513. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55. The stock has a market cap of £515.65 million, a price-to-earnings ratio of -3.60 and a beta of 0.72.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 815 price target on shares of Auction Technology Group in a report on Friday, May 15th. Berenberg Bank restated a “buy” rating and issued a GBX 460 target price on shares of Auction Technology Group in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 549.

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”).

The Group powers eight online marketplaces and listing sites using its proprietary auction platform technology, hosting in excess of 70,000 live and timed auctions each year. ATG has been supporting the auction industry since 1971 and the Group has offices in the UK, US and Germany.