Liquidity Services Inc. (LQDT) Sets New 1-Year High at $10.24
Shares of Liquidity Services Inc. (NASDAQ:LQDT) reached a new 52-week high on Tuesday . The stock traded as high as $10.24 and last traded at $10.17, with a volume of 86,259 shares. The stock had previously closed at $9.74.
A number of analysts recently weighed in on the stock. Barrington Research reissued a “buy” rating on shares of Liquidity Services in a report on Thursday, May 5th. Benchmark Co. raised their price target on shares of Liquidity Services from $5.50 to $6.50 and gave the company a “hold” rating in a report on Friday, May 6th. Robert W. Baird reissued a “hold” rating on shares of Liquidity Services in a report on Sunday, May 8th. Finally, Zacks Investment Research raised shares of Liquidity Services from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.65.
The firm’s market cap is $310.18 million. The stock’s 50-day moving average price is $8.84 and its 200 day moving average price is $6.70.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.16. During the same period last year, the company posted $0.14 EPS. The firm had revenue of $85.18 million for the quarter, compared to the consensus estimate of $72.48 million. The business’s revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Liquidity Services Inc. will post ($0.09) EPS for the current year.
In related news, insider Segundo Leoncio Casusol sold 32,648 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $9.60, for a total transaction of $313,420.80. Following the completion of the transaction, the insider now directly owns 12,348 shares in the company, valued at approximately $118,540.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Liquidity Services stock. Dimensional Fund Advisors LP raised its stake in shares of Liquidity Services Inc. (NASDAQ:LQDT) by 36.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 441,412 shares of the company’s stock after buying an additional 116,750 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Liquidity Services worth $2,869,000 at the end of the most recent quarter.
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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