Auction Technology Group (LON:ATG) Shares Up 0.5% – Still a Buy?

Auction Technology Group plc (LON:ATG) shot up 0.5% during trading on Friday . The stock traded as high as GBX 462 and last traded at GBX 444.20. Approximately 165,336 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 4,896,162 shares. The stock had previously closed at GBX 442.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Berenberg Bank raised their price target on shares of Auction Technology Group from GBX 460 to GBX 490 and gave the stock a “buy” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price objective on shares of Auction Technology Group in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 555.

Auction Technology Group Price Performance

The company has a debt-to-equity ratio of 32.55, a quick ratio of 1.36 and a current ratio of 0.94. The company has a fifty day moving average price of GBX 429.49 and a two-hundred day moving average price of GBX 372.62. The company has a market cap of £537.88 million, a P/E ratio of -3.58 and a beta of 0.69.

Insider Buying and Selling

In related news, insider Duncan Painter purchased 125,000 shares of Auction Technology Group stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average cost of GBX 422 per share, with a total value of £527,500. Company insiders own 16.79% of the company’s stock.

Auction Technology Group Company Profile

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.