Shares of Liquidity Services Inc. (NASDAQ:LQDT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.54 and last traded at $9.35, with a volume of 89,209 shares. The stock had previously closed at $9.33.

Several brokerages have recently issued reports on LQDT. Zacks Investment Research upgraded shares of Liquidity Services from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Tuesday, May 10th. Barrington Research restated a “buy” rating on shares of Liquidity Services in a research report on Thursday, May 5th. Robert W. Baird restated a “hold” rating on shares of Liquidity Services in a research report on Sunday, May 8th. Finally, Benchmark Co. upped their target price on shares of Liquidity Services from $5.50 to $6.50 and gave the company a “hold” rating in a research report on Friday, May 6th. One research 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 an average target price of $6.65.

The company’s 50-day moving average is $8.05 and its 200 day moving average is $6.29. The stock’s market cap is $291.58 million.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.16. During the same quarter in the prior year, the business posted $0.14 EPS. The firm had revenue of $85.18 million for the quarter, compared to analyst estimates of $72.48 million. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts predict that Liquidity Services Inc. will post ($0.15) earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Liquidity Services stock. Matarin Capital Management LLC bought 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 bought 293,013 shares of the company’s stock, valued at approximately $1,905,000. Matarin Capital Management LLC owned 0.96% of Liquidity Services 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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