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

Shares of Auto Trader Group (OTCMKTS:ATDRY) gapped down prior to trading on Tuesday . The stock had previously closed at $2.46, but opened at $2.35. Auto Trader Group shares last traded at $2.36, with a volume of 43,704 shares.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an “underweight” rating on shares of Auto Trader Group in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Auto Trader Group Trading Down 3.3%

The stock’s fifty day simple moving average is $2.58 and its two-hundred day simple moving average is $2.70.

Auto Trader Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 10th. Investors of record on Monday, September 1st were issued a $0.0192 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Auto Trader Group’s previous dividend of $0.01. This represents a yield of 105.0%.

Auto Trader Group Company Profile

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.