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

Several equities analysts have commented on the company. Robert W. Baird reissued a “hold” rating on shares of Liquidity Services in a research report on Sunday, May 8th. Benchmark Co. raised their price objective on Liquidity Services from $5.50 to $6.50 and gave the company a “hold” rating in a research report on Friday, May 6th. Barrington Research reissued a “buy” rating on shares of Liquidity Services in a research report on Thursday, May 5th. Finally, Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.65.

The company’s market capitalization is $242.74 million. The stock has a 50-day moving average of $7.45 and a 200-day moving average of $6.01.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.11. The company had revenue of $86.90 million for the quarter, compared to the consensus estimate of $69.01 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, equities research analysts expect that Liquidity Services Inc. will post ($0.25) earnings per share for the current year.

A hedge fund recently bought a new stake in Liquidity Services stock. Matarin Capital Management LLC acquired a new stake in shares of Liquidity Services Inc. (NASDAQ:LQDT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 293,013 shares of the company’s stock, valued at approximately $1,905,000. Matarin Capital Management LLC owned about 0.96% of Liquidity Services as of its most recent SEC filing.

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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