Shares of carsales.com Ltd (OTCMKTS:CSXXY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $29.67 and traded as low as $29.04. carsales.com shares last traded at $29.04, with a volume of 355 shares trading hands.
Separately, The Goldman Sachs Group upgraded carsales.com from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 2nd.
The company has a 50-day moving average price of $29.59 and a 200-day moving average price of $30.46.
carsales.com Ltd engages operates digital automotive marketplace in Australia, South Korea, Brazil, Mexico, Chile, and Argentina. It operates in Online Advertising Services; Data, Research and Services; Latin America; and Asia segments. The Online Advertising Services segment offers classified advertising that allows dealers and consumers to advertise automotive and non-automotive goods and services for sale across the carsales network; and services, including subscriptions, lead fees, and priority placement services on automotive and non-automotive goods and services.
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