Citigroup Downgrades Auto Trader Group (OTCMKTS:ATDRY) to Hold

Auto Trader Group (OTCMKTS:ATDRY) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group lowered Auto Trader Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Auto Trader Group currently has a consensus rating of “Reduce”.

Auto Trader Group Stock Performance

OTCMKTS ATDRY opened at $1.58 on Wednesday. The stock’s fifty day moving average is $1.59 and its two-hundred day moving average is $1.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 1.72. Auto Trader Group has a fifty-two week low of $1.45 and a fifty-two week high of $3.10.

About Auto Trader Group

Auto Trader Group plc is a digital automotive marketplace operating primarily in the United Kingdom and Ireland. Through its flagship consumer-facing website and mobile applications, the company connects private buyers and sellers with franchised and independent motor dealers. It facilitates the listing of new and used vehicles, offering rich multimedia adverts that include photos, video walk-arounds, and detailed specifications.

In addition to its core marketplace, Auto Trader provides a suite of value-added services for both consumers and dealer partners.