Liquidity Services Inc. (NASDAQ:LQDT)’s share price traded up 4.2% on Monday . The company traded as high as $8.29 and last traded at $8.23, with a volume of 93,636 shares changing hands. The stock had previously closed at $7.90.

A number of equities research analysts have commented on the company. Robert W. Baird reissued a “hold” rating on shares of Liquidity Services in a report on Sunday, May 8th. Barrington Research reissued a “buy” rating on shares of Liquidity Services in a report on Thursday, May 5th. Zacks Investment Research raised Liquidity Services from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Tuesday, May 10th. Finally, Benchmark Co. raised their target price on Liquidity Services from $5.50 to $6.50 and gave the company a “hold” rating in a report on Friday, May 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.65.

The stock’s market capitalization is $248.88 million. The stock has a 50-day moving average of $7.51 and a 200-day moving average of $6.03.

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

An institutional investor recently bought a new position in Liquidity Services stock. Matarin Capital Management LLC purchased 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 (SEC). The firm purchased 293,013 shares of the company’s stock, valued at approximately $1,905,000. Matarin Capital Management LLC owned approximately 0.96% of Liquidity Services at the end of the most recent reporting period.

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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