Auto Trader Group (LON:AUTO) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 827.34 ($10.07) and traded as low as GBX 793.40 ($9.65). Auto Trader Group shares last traded at GBX 793.60 ($9.66), with a volume of 1,335,695 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AUTO shares. Shore Capital lowered Auto Trader Group to a “sell” rating in a report on Thursday, November 7th. Berenberg Bank lowered their price target on shares of Auto Trader Group from GBX 880 ($10.71) to GBX 830 ($10.10) and set a “hold” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Auto Trader Group from GBX 688 ($8.37) to GBX 746 ($9.08) and gave the company an “underweight” rating in a research note on Thursday, December 5th.

Auto Trader Group Trading Down 0.3 %

The firm has a market cap of £7.10 billion, a price-to-earnings ratio of 2,834.29, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The business has a 50 day moving average of GBX 804.59 and a 200 day moving average of GBX 827.34. The company has a quick ratio of 1.50, a current ratio of 1.66 and a debt-to-equity ratio of 6.26.

Auto Trader Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd will be paid a GBX 3.50 ($0.04) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.41%. Auto Trader Group’s payout ratio is currently 3,571.43%.

Auto Trader Group Company Profile

About Auto Trader

Auto Trader Group plc is the UK’s largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s marketplace sits at the heart of the UK car buying process.