Liquidity Services Inc. (LQDT) Sets New 1-Year High at $9.71
Liquidity Services Inc. (NASDAQ:LQDT) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $9.71 and last traded at $9.71, with a volume of 51,528 shares traded. The stock had previously closed at $9.60.
LQDT has been the subject of several recent analyst reports. Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Benchmark Co. boosted their price objective on Liquidity Services from $5.50 to $6.50 and gave the stock a “hold” rating in a report on Friday, May 6th. Barrington Research reaffirmed a “buy” rating on shares of Liquidity Services in a research note on Thursday, May 5th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Liquidity Services in a research note on Sunday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Liquidity Services presently has a consensus rating of “Hold” and an average target price of $6.65.
The firm’s 50 day moving average is $8.54 and its 200 day moving average is $6.48. The company’s market capitalization is $300.34 million.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.16. During the same period last year, the business earned $0.14 EPS. The company earned $85.18 million during the quarter, compared to the consensus estimate of $72.48 million. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts forecast that Liquidity Services Inc. will post ($0.09) EPS for the current fiscal year.
In other news, insider Segundo Leoncio Casusol sold 32,648 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $9.60, for a total value of $313,420.80. Following the transaction, the insider now owns 12,348 shares of the company’s stock, valued at $118,540.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and institutional investors recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Liquidity Services by 49.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 330,925 shares of the company’s stock valued at $2,151,000 after buying an additional 109,025 shares during the period. Dimensional Fund Advisors LP increased its position in Liquidity Services by 36.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 441,412 shares of the company’s stock valued at $2,869,000 after buying an additional 116,750 shares during the period. Finally, Matarin Capital Management LLC bought a new position in Liquidity Services during the fourth quarter valued at approximately $1,905,000.
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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