Liquidity Services Inc. (NASDAQ:LQDT)’s share price was up 2.5% on Monday . The stock traded as high as $8.44 and last traded at $8.28, with a volume of 69,930 shares. The stock had previously closed at $8.08.

Several equities analysts have weighed in on LQDT shares. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Benchmark Co. lifted their price objective on shares of 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 reiterated a “buy” rating on shares of Liquidity Services in a research report on Thursday, May 5th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Liquidity Services in a research report on Sunday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.65.

The company’s market capitalization is $245.86 million. The stock’s 50 day moving average price is $7.79 and its 200 day moving average price is $6.18.

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, topping the Zacks’ consensus estimate of ($0.07) by $0.11. The company had revenue of $86.90 million for the quarter, compared to analyst estimates of $69.01 million. Liquidity Services’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities research analysts expect 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 acquired a new stake in shares of Liquidity Services Inc. (NASDAQ:LQDT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 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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