Autobytel Inc. (NASDAQ:ABTL) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Just yesterday Autobytel Inc. (NASDAQ:ABTL) traded -0.17% lower at $17.97. Autobytel Inc.’s 50-day moving average is $16.91 and its 200-day moving average is $15.78. The last stock close price is up 13.86% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 77,384 shares of ABTL changing hands over the typical 77,008
Zacks Investment Research has downgraded Autobytel Inc. (NASDAQ:ABTL) to Hold in a report released on 10/05/2016.
On 3/11/2016, Ascendiant Capital released a statement on Autobytel Inc. (NASDAQ:ABTL) increased the target price from $28.00 to $29.00. At the time, this indicated a possible upside of 0.47%.
Autobytel Inc. has a price-earnings ratio of 81.31 with a 52 week low of $12.33 and a 52 week high of $25.00 ABTL’s total market value is presently $0.
A total of 4 brokers have issued a research note on ABTL. One brokerage rating the company a strong buy, three analysts rating the company a buy, 0 brokerages rating the company a hold, zero firms rating the stock a underperform, and finally zero equity analysts rating the company a sell with a one year target of $27.13.
About Autobytel Inc. (NASDAQ:ABTL)
Autobytel Inc. is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products. The Company operates through providing automotive marketing services segment. Its consumer-facing automotive Websites, including Website Autobytel.com, provide consumers with information and tools to aid them with the automotive purchase decisions and ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its AutoWeb pay-per-click advertising marketplace program uses technology to refer consumer traffic to dealers and manufacturer Websites. For consumers who may not be able to secure loans through conventional lending sources, the Websites provide these consumers the ability to submit inquiries requesting dealers.
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