Auction Technology Group (LON:ATG) Shares Up 11.7% – Time to Buy?

Shares of Auction Technology Group plc (LON:ATG) shot up 11.7% during mid-day trading on Thursday . The company traded as high as GBX 464 ($6.07) and last traded at GBX 460 ($6.02). 294,114 shares were traded during trading, a decline of 29% from the average session volume of 413,474 shares. The stock had previously closed at GBX 412 ($5.39).

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of Auction Technology Group in a research report on Tuesday, July 16th. They set a “sector perform” rating and a GBX 540 ($7.07) target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Auction Technology Group from GBX 560 ($7.33) to GBX 549 ($7.18) and set a “neutral” rating on the stock in a research report on Friday, July 12th.

Auction Technology Group Price Performance

The company has a current ratio of 0.69, a quick ratio of 1.36 and a debt-to-equity ratio of 22.80. The company has a market cap of £550.02 million, a P/E ratio of 5,643.75 and a beta of 1.29. The business’s fifty day moving average is GBX 415.73 and its 200 day moving average is GBX 495.76.

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.