Auto Trader Group (OTCMKTS:ATDRY) Trading Up 7.7% – Here’s What Happened

Auto Trader Group (OTCMKTS:ATDRY)’s share price was up 7.7% during mid-day trading on Friday . The company traded as high as $1.5450 and last traded at $1.54. Approximately 28,097 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,273,481 shares. The stock had previously closed at $1.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ATDRY shares. The Goldman Sachs Group started coverage on shares of Auto Trader Group in a research note on Thursday. They issued a “buy” rating on the stock. Barclays downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Citigroup downgraded shares of Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Auto Trader Group Price Performance

The company’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72.

About Auto Trader Group

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.