Auction Technology Group (LON:ATG) Hits New 1-Year High – Still a Buy?

Auction Technology Group plc (LON:ATG) shares hit a new 52-week high on Thursday . The company traded as high as GBX 638 ($7.91) and last traded at GBX 637 ($7.89), with a volume of 431126 shares trading hands. The stock had previously closed at GBX 605 ($7.50).

Wall Street Analysts Forecast Growth

ATG has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Auction Technology Group from GBX 555 ($6.88) to GBX 695 ($8.61) and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Berenberg Bank restated a “buy” rating and set a GBX 710 ($8.80) target price on shares of Auction Technology Group in a research note on Friday, November 29th.

Auction Technology Group Stock Performance

The stock has a market cap of £752.85 million, a PE ratio of 7,725.00 and a beta of 1.29. The company has a debt-to-equity ratio of 22.80, a current ratio of 0.69 and a quick ratio of 1.36. The firm has a 50 day moving average of GBX 556.84 and a two-hundred day moving average of GBX 479.07.

Insider Activity

In related news, insider Tom Hargreaves sold 230,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of GBX 510 ($6.32), for a total transaction of £1,173,000 ($1,453,711.74). Company 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”).