Liquidity Services Inc. (LQDT) Sets New 52-Week High at $10.24
Shares of Liquidity Services Inc. (NASDAQ:LQDT) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $10.24 and last traded at $10.17, with a volume of 86,259 shares traded. The stock had previously closed at $9.74.
Several analysts have issued reports on LQDT shares. Zacks Investment Research raised shares of Liquidity Services from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, May 10th. Barrington Research reissued a “buy” rating on shares of Liquidity Services in a research note on Thursday, May 5th. Robert W. Baird reissued a “hold” rating on shares of Liquidity Services in a research note on Sunday, May 8th. Finally, Benchmark Co. raised their price objective on shares of Liquidity Services from $5.50 to $6.50 and gave the stock a “hold” rating in a research note on Friday, May 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Liquidity Services presently has a consensus rating of “Hold” and an average price target of $6.65.
The firm’s market cap is $307.41 million. The stock’s 50-day moving average is $8.95 and its 200 day moving average is $6.76.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.16. During the same period last year, the company earned $0.14 EPS. The firm earned $85.18 million during the quarter, compared to analysts’ expectations of $72.48 million. The business’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities research analysts predict that Liquidity Services Inc. will post ($0.09) EPS for the current year.
In other news, insider Segundo Leoncio Casusol sold 32,648 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $9.60, for a total value of $313,420.80. Following the completion of the sale, the insider now owns 12,348 shares of the company’s stock, valued at approximately $118,540.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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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