Liquidity Services Inc. (LQDT) Hits New 12-Month High at $10.29
Liquidity Services Inc. (NASDAQ:LQDT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $10.29 and last traded at $10.18, with a volume of 72,926 shares traded. The stock had previously closed at $10.15.
Separately, Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.65.
The stock’s market cap is $312.48 million. The company has a 50 day moving average of $9.05 and a 200 day moving average of $6.81.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results 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 in the previous year, the business posted $0.14 EPS. The company had revenue of $85.18 million for the quarter, compared to the consensus estimate of $72.48 million. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities research analysts expect that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
In other news, insider Segundo Leoncio Casusol sold 32,648 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $9.60, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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