Auction Technology Group plc (LON:ATG) Insider Tom Hargreaves Sells 230,000 Shares

Auction Technology Group plc (LON:ATG) insider Tom Hargreaves sold 230,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of GBX 510 ($6.46), for a total value of £1,173,000 ($1,486,315.26).

Auction Technology Group Stock Performance

LON:ATG opened at GBX 563 ($7.13) on Wednesday. The stock has a market capitalization of £685.85 million, a P/E ratio of 7,037.50 and a beta of 1.29. The company has a debt-to-equity ratio of 22.80, a quick ratio of 1.36 and a current ratio of 0.69. Auction Technology Group plc has a fifty-two week low of GBX 365 ($4.62) and a fifty-two week high of GBX 638 ($8.08). The company has a 50 day moving average price of GBX 445.40 and a 200 day moving average price of GBX 471.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 710 ($9.00) price target on shares of Auction Technology Group in a research note on Friday, November 29th.

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.