Auto Trader Group (LON:AUTO) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Auto Trader Group plc (LON:AUTO) shares passed 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.

Analyst Upgrades and Downgrades

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

Auto Trader Group Price Performance

The firm has a market cap of £7.88 billion, a price-to-earnings ratio of 3,144.29, a price-to-earnings-growth ratio of 3.99 and a beta of 0.78. The company has a debt-to-equity ratio of 6.26, a quick ratio of 1.50 and a current ratio of 1.66. The company’s fifty day moving average is GBX 863.84 and its two-hundred day moving average is GBX 803.28.

Insider Transactions at Auto Trader Group

In other Auto Trader Group news, insider Jamie Warner sold 54,487 shares of the 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 value of £448,972.88 ($582,930.25). Company insiders own 1.04% of the company’s stock.

Auto Trader Group Company Profile

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.