Auction Technology Group (LON:ATG) Shares Down 0.7% – Here’s Why

Auction Technology Group plc (LON:ATG) fell 0.7% during mid-day trading on Friday . The stock traded as low as GBX 596.42 ($7.93) and last traded at GBX 601 ($7.99). 197,487 shares traded hands during trading, a decline of 75% from the average session volume of 787,273 shares. The stock had previously closed at GBX 605 ($8.04).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 790 ($10.50) target price on shares of Auction Technology Group in a research report on Friday, March 28th.

Auction Technology Group Price Performance

The company has a debt-to-equity ratio of 18.16, a quick ratio of 1.36 and a current ratio of 0.62. The company’s fifty day moving average price is GBX 584.55 and its 200 day moving average price is GBX 538.62. The firm has a market capitalization of £742.44 million, a price-to-earnings ratio of 73.41 and a beta of 1.29.

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”).