Auction Technology Group (LON:ATG) Given Buy Rating at Berenberg Bank

Auction Technology Group (LON:ATG)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 710 ($8.99) target price on the stock. Berenberg Bank’s target price indicates a potential upside of 32.46% from the stock’s previous close.

Auction Technology Group Price Performance

Shares of Auction Technology Group stock traded up GBX 20 ($0.25) on Friday, reaching GBX 536 ($6.78). The stock had a trading volume of 660,439 shares, compared to its average volume of 430,313. The company has a current ratio of 0.69, a quick ratio of 1.36 and a debt-to-equity ratio of 22.80. Auction Technology Group has a 1 year low of GBX 365 ($4.62) and a 1 year high of GBX 638 ($8.07). The company has a market cap of £652.96 million, a P/E ratio of 6,700.00 and a beta of 1.29. The business’s 50 day moving average is GBX 443.01 and its two-hundred day moving average is GBX 471.15.

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.