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

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

The company has a 50 day moving average price of $8.17 and a 200-day moving average price of $6.33. The company’s market capitalization is $291.73 million.

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, topping the Zacks’ consensus estimate of ($0.09) by $0.16. During the same period last year, the company earned $0.14 earnings per share. The company had revenue of $85.18 million for the quarter, compared to analyst estimates of $72.48 million. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts expect that Liquidity Services Inc. will post ($0.15) earnings per share for the current year.

A hedge fund recently raised its stake in Liquidity Services stock. Dimensional Fund Advisors LP raised its position in shares of Liquidity Services Inc. (NASDAQ:LQDT) by 36.0% during the fourth quarter, according to its most recent 13F filing with the 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 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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