Auto Trader Group (LON:AUTO) Shares Cross Above 50 Day Moving Average – Here’s Why

Auto Trader Group plc (LON:AUTO)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 862.49 ($11.20) and traded as high as GBX 881.60 ($11.45). Auto Trader Group shares last traded at GBX 881.60 ($11.45), with a volume of 1,120,447 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their target price on Auto Trader Group from GBX 830 ($10.78) to GBX 935 ($12.14) and gave the company a “buy” rating in a report on Tuesday, July 2nd.

Auto Trader Group Price Performance

The firm has a market cap of £7.88 billion, a PE ratio of 3,144.29, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 6.26. The company has a 50 day moving average price of GBX 863.84 and a 200 day moving average price of GBX 803.28.

Insiders Place Their Bets

In other news, insider Jamie Warner sold 54,487 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of GBX 824 ($10.70), for a total transaction of £448,972.88 ($582,930.25). 1.04% of the stock is owned by company insiders.

About Auto Trader Group

Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. The company provides vehicle advertisement on its websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its websites for manufacturers and their advertising agencies.