Auction Technology Group (LON:ATG) Shares Up 1.8%

Auction Technology Group plc (LON:ATG)’s stock price shot up 1.8% on Thursday . The company traded as high as GBX 485 ($6.13) and last traded at GBX 482.50 ($6.10). 210,180 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 300,985 shares. The stock had previously closed at GBX 474 ($6.00).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 710 ($8.98) price objective on shares of Auction Technology Group in a research note on Wednesday, June 12th.

Auction Technology Group Trading Up 1.8 %

The company has a fifty day simple moving average of GBX 538.31 and a two-hundred day simple moving average of GBX 548.23. The stock has a market capitalization of £587.40 million, a P/E ratio of 6,031.25 and a beta of 1.35. The company has a quick ratio of 1.36, a current ratio of 0.69 and a debt-to-equity ratio of 22.80.

About Auction Technology Group

Auction Technology Group plc operates online auction marketplaces primarily in the United Kingdom, North America, and Germany. The company operates through four segments: Arts and Antiques, Industrial and Commercial, Auction Services, and Content. It offers watches, jewelry, furniture, fine art, decorative art, vintage fashion and classic cars, and collectables; used equipment, commercial vehicles, and machineries from various industries, such as manufacturing, laboratories and pharmaceuticals, warehousing, construction, agriculture, and real estate; and consumer goods and other products.