Auction Technology Group (LON:ATG) Sets New 12-Month High – Should You Buy?

Auction Technology Group plc (LON:ATG) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 638 ($7.94) and last traded at GBX 637 ($7.93), with a volume of 431126 shares changing hands. The stock had previously closed at GBX 605 ($7.53).

Wall Street Analyst Weigh In

A number of research firms have commented on ATG. Berenberg Bank restated a “buy” rating and issued a GBX 710 ($8.84) price target on shares of Auction Technology Group in a report on Friday, November 29th. JPMorgan Chase & Co. raised their target price on Auction Technology Group from GBX 555 ($6.91) to GBX 695 ($8.65) and gave the company an “overweight” rating in a research note on Thursday, December 5th.

Auction Technology Group Trading Up 5.3 %

The company has a quick ratio of 1.36, a current ratio of 0.69 and a debt-to-equity ratio of 22.80. The firm has a market cap of £775.99 million, a P/E ratio of 7,962.50 and a beta of 1.29. The firm’s 50-day simple moving average is GBX 549.21 and its 200 day simple moving average is GBX 477.15.

Insider Activity

In other news, insider Tom Hargreaves sold 230,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of GBX 510 ($6.35), for a total transaction of £1,173,000 ($1,460,408.37). Insiders own 4.49% of the company’s stock.

About Auction Technology Group

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”).