Auction Technology Group (LON:ATG) Trading 0.5% Higher – Should You Buy?

Shares of Auction Technology Group plc (LON:ATG) traded up 0.5% during mid-day trading on Thursday . The stock traded as high as GBX 591 ($7.47) and last traded at GBX 586 ($7.40). 287,735 shares changed hands during trading, a decline of 34% from the average session volume of 435,807 shares. The stock had previously closed at GBX 583 ($7.37).

Analyst Ratings Changes

ATG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Auction Technology Group from GBX 555 ($7.01) to GBX 695 ($8.78) and gave the company an “overweight” rating in a report on Thursday, December 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 710 ($8.97) target price on shares of Auction Technology Group in a report on Friday, November 29th.

Auction Technology Group Stock Down 0.5 %

The stock has a market cap of £720.21 million, a price-to-earnings ratio of 71.21 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 0.62 and a debt-to-equity ratio of 18.16. The stock has a fifty day moving average of GBX 573.92 and a two-hundred day moving average of GBX 490.09.

Insider Buying and Selling at Auction Technology Group

In other Auction Technology Group news, insider Tom Hargreaves sold 230,000 shares of the firm’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of GBX 510 ($6.44), for a total value of £1,173,000 ($1,481,996.21). 4.49% of the stock is currently owned by corporate 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”).