Auction Technology Group (LON:ATG) Stock Price Down 2.5% – Should You Sell?

Auction Technology Group plc (LON:ATG) shares were down 2.5% on Monday . The stock traded as low as GBX 391 and last traded at GBX 400.60. Approximately 12,500,771 shares changed hands during trading, an increase of 100% from the average daily volume of 6,247,199 shares. The stock had previously closed at GBX 411.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ATG shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 815 price target on shares of Auction Technology Group in a report on Friday, May 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 460 target price on shares of Auction Technology Group in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Auction Technology Group presently has an average rating of “Moderate Buy” and an average price target of GBX 549.

Auction Technology Group Stock Performance

The firm has a market capitalization of £485.09 million, a PE ratio of -3.23 and a beta of 0.70. The company has a quick ratio of 1.36, a current ratio of 0.94 and a debt-to-equity ratio of 32.55. The company has a 50-day moving average of GBX 389.86 and a 200 day moving average of GBX 337.81.

Insiders Place Their Bets

In related news, insider Duncan Painter bought 55,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were acquired at an average cost of GBX 419 per share, with a total value of £230,450. 16.79% of the stock is owned by corporate insiders.

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.