Liquidity Services Inc. (NASDAQ:LQDT)’s share price was down 3.5% during trading on Friday . The company traded as low as $7.50 and last traded at $7.99, with a volume of 163,338 shares traded. The stock had previously closed at $8.28.

A number of equities research analysts have issued reports on LQDT shares. Zacks Investment Research raised Liquidity Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th. Benchmark Co. upped their target price on Liquidity Services from $5.50 to $6.50 and gave the stock a “hold” rating in a research report on Friday, May 6th. Barrington Research reaffirmed a “buy” rating on shares of Liquidity Services in a research report on Thursday, May 5th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Liquidity Services in a research report on Sunday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.65.

The firm’s 50 day moving average is $7.45 and its 200-day moving average is $6.01. The firm’s market capitalization is $242.74 million.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.11. During the same period in the prior year, the business posted $0.08 EPS. The firm earned $86.90 million during the quarter, compared to analyst estimates of $69.01 million. The firm’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities analysts anticipate that Liquidity Services Inc. will post ($0.25) EPS for the current fiscal year.

An institutional investor recently raised its position in Liquidity Services stock. Dimensional Fund Advisors LP increased its stake in Liquidity Services Inc. (NASDAQ:LQDT) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,412 shares of the company’s stock after buying an additional 116,750 shares during the period. Dimensional Fund Advisors LP owned about 1.44% of Liquidity Services worth $2,869,000 as of its most recent filing with the SEC.

Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.

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