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

Auction Technology Group plc (LON:ATG)’s share price was up 0.5% during trading on Tuesday . The stock traded as high as GBX 427 and last traded at GBX 420.80. 6,787,410 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 5,644,682 shares. The stock had previously closed at GBX 418.60.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATG. Berenberg Bank reiterated a “buy” rating and issued a GBX 460 target price on shares of Auction Technology Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 549.

Auction Technology Group Trading Up 0.5%

The stock’s 50-day moving average price is GBX 406.32 and its 200 day moving average price is GBX 351.38. The company has a debt-to-equity ratio of 32.55, a current ratio of 0.94 and a quick ratio of 1.36. The firm has a market capitalization of £509.55 million, a PE ratio of -3.39 and a beta of 0.70.

Insider Transactions at Auction Technology Group

In other news, insider Duncan Painter acquired 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average price of GBX 422 per share, with a total value of £527,500. 16.79% of the stock is currently owned by company insiders.

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.