Auction Technology Group (LON:ATG) Shares Down 11.2% – Here’s What Happened

Auction Technology Group plc (LON:ATG) shares traded down 11.2% during trading on Friday . The stock traded as low as GBX 485.50 ($6.45) and last traded at GBX 485.50 ($6.45). 939,349 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 740,417 shares. The stock had previously closed at GBX 547 ($7.27).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 790 ($10.49) target price on shares of Auction Technology Group in a report on Friday, March 28th.

Auction Technology Group Stock Performance

The company has a debt-to-equity ratio of 18.16, a current ratio of 0.62 and a quick ratio of 1.36. The firm has a market capitalization of £613.35 million, a price-to-earnings ratio of 60.64 and a beta of 1.29. The firm’s fifty day moving average is GBX 582.38 and its 200 day moving average is GBX 557.81.

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”).