Auction Technology Group (LON:ATG) Reaches New 12-Month Low Following Analyst Downgrade

Auction Technology Group plc (LON:ATG)’s stock price reached a new 52-week low during trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 500 to GBX 415. Royal Bank Of Canada currently has a sector perform rating on the stock. Auction Technology Group traded as low as GBX 345 ($4.61) and last traded at GBX 348.50 ($4.66), with a volume of 856396 shares. The stock had previously closed at GBX 367.50 ($4.91).

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Auction Technology Group from GBX 725 ($9.68) to GBX 710 ($9.48) and set an “overweight” rating on the stock in a research report on Tuesday. Berenberg Bank lowered their price target on shares of Auction Technology Group from GBX 660 ($8.82) to GBX 560 ($7.48) and set a “buy” rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Auction Technology Group from GBX 910 ($12.16) to GBX 815 ($10.89) and set a “buy” rating on the stock in a research report on Monday.

Auction Technology Group Stock Down 5.2%

The stock has a market cap of £430.52 million, a price-to-earnings ratio of 42.57 and a beta of 1.29. The company has a current ratio of 0.62, a quick ratio of 1.36 and a debt-to-equity ratio of 18.16. The stock’s 50-day moving average price is GBX 461.97 and its 200-day moving average price is GBX 535.49.

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”).