Auction Technology Group (LON:ATG) Shares Up 0.5% – Still a Buy?

Auction Technology Group plc (LON:ATG)’s stock price rose 0.5% on Thursday . The stock traded as high as GBX 566 ($7.12) and last traded at GBX 557 ($7.01). Approximately 52,693 shares changed hands during trading, a decline of 87% from the average daily volume of 421,091 shares. The stock had previously closed at GBX 554 ($6.97).

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Auction Technology Group from GBX 555 ($6.98) to GBX 695 ($8.75) and gave the company an “overweight” rating in a research report on Thursday, December 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($8.93) target price on shares of Auction Technology Group in a report on Friday, November 29th.

Auction Technology Group Stock Down 2.5 %

The firm has a market capitalization of £661.48 million, a PE ratio of 6,787.50 and a beta of 1.29. The business’s fifty day moving average price is GBX 496.19 and its 200 day moving average price is GBX 471.32. The company has a quick ratio of 1.36, a current ratio of 0.69 and a debt-to-equity ratio of 22.80.

Insiders Place Their Bets

In related news, insider Tom Hargreaves sold 230,000 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.42), for a total value of £1,173,000 ($1,476,028.69). 4.49% of the stock is owned by 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”).