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

A number of research firms recently issued reports on LQDT. Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Robert W. Baird reaffirmed a “hold” rating on shares of Liquidity Services in a report on Sunday, May 8th. Benchmark Co. lifted their target price on Liquidity Services from $5.50 to $6.50 and gave the stock a “hold” rating in a report on Friday, May 6th. Finally, Barrington Research reaffirmed a “buy” rating on shares of Liquidity Services in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.65.

The firm has a 50-day moving average price of $7.45 and a 200 day moving average price of $6.01. The company’s market cap is $252.87 million.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.04 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 firm earned $0.08 EPS. The company earned $86.90 million during the quarter, compared to analyst estimates of $69.01 million. Liquidity Services’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities analysts expect that Liquidity Services Inc. will post ($0.25) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Liquidity Services stock. Dimensional Fund Advisors LP increased its stake in shares of Liquidity Services Inc. (NASDAQ:LQDT) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,412 shares of the company’s stock after buying an additional 116,750 shares during the period. Dimensional Fund Advisors LP owned about 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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